Central Asia: new horizons of cooperation

«$11 billion—that’s the volume of mutual trade between the Central Asian countries. Half of this amount comes from trade between Kazakhstan and Uzbekistan, and the countries aim to increase this figure. According to Uzbek analysts, all the necessary opportunities are in place to achieve this,» said correspondent Zhenis Yermukanov.

Experts from the International Institute for Central Asia are convinced that the relationship between the two countries serves as an example for other states in the region. Uzbekistan was one of the first countries in Central Asia to sign agreements on strategic partnership and allied relations with Kazakhstan. Today, all five Central Asian nations are striving to strengthen comprehensive interaction, as cooperation contributes to shaping a unified modern image of the region.

«The adoption of the Central Asia-2040 Concept indicates that we have a clear vision of our prospects. It outlines the main directions for our further development, covering all areas. First and foremost, this includes economic development. We have significant potential, and what we currently possess does not fully reflect our possible capabilities,» noted Saidmukhtar Saidkasimov, the Advisor to the Director of the International Institute for Central Asia.

The consumer market of Central Asia, with a population of over 80 million people, is one of the most promising. According to Uzbek experts, the number of joint ventures in the region has tripled over the past seven years, mutual direct investments have nearly doubled, and trade has increased fourfold. Last year, the growth in trade amounted to 25 percent.

«To date, all contentious issues in the region have been resolved, and as a result, new economic interactions have been initiated. This is also reflected in the article by Kazakh President Kassym-Jomart Tokayev titled «The Renaissance of Central Asia.» Thanks to the initiatives of all state leaders, a new economic reality has been established,» shared Azer Adigezalov, the chief researcher at the International Institute for Central Asia.

The countries of the region are focusing on uniting efforts toward shared prosperity. This particularly involves economic, energy, transport and logistics, and cultural and humanitarian cooperation, as well as creating conditions to enhance human capital in the region.