Kazakhstan is expanding trade, economic, and
investment ties with CIS countries. The Senate, the upper house of Parliament,
has ratified an agreement on mutual trade in services, establishment,
operations, and investment within the CIS framework. While Kazakhstan’s trade
in services with Russia, the Kyrgyz Republic, Armenia, and Belarus is regulated
under the Eurasian Economic Union (EAEU), interaction with Tajikistan follows
the World Trade Organization (WTO) terms. Under the new agreement, Kazakh
businesses will gain preferential access to Uzbekistan’s services market – a
significant development, as Uzbekistan is not a member of either the WTO or the
EAEU. Notably, by the end of 2024, trade between Kazakhstan and Uzbekistan
exceeded $900 million, with Kazakh service exports accounting for the majority.
«Under the agreement, Uzbekistan will
liberalize 54 service subsectors, including legal, tax, accounting,
architectural, engineering, IT, tourism, and others. This will create favorable
conditions for Kazakh companies to enter the Uzbek market. The agreement aims
to expand trade and economic cooperation between the two countries, provide
Kazakh service exporters with access to the Uzbek market, encourage the
establishment of joint enterprises with Kazakh capital, and create additional
opportunities for attracting and protecting mutual investments,» said Senate
Member Serik Shaidarov.
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