Trade between Kazakhstan and Uzbekistan reaches $4.1 billion in 11 months of 2023

Trade between Kazakhstan and Uzbekistan reaches $4.1 billion in 11 months of 2023

The trade turnover between Kazakhstan and Uzbekistan surpassed $4 billion in the first 11 months of 2023. The two countries have set a goal to increase their mutual trade to $10 billion, and signed a protocol on expanding partnership for this purpose. The parties also have roadmaps that provide for an increase in trade turnover. In May 2023, Kazakh manufacturers and service providers conducted a trade mission in Tashkent. According to the Kazakh Ministry of Trade and Integration, export contracts worth over $44 million were signed for the supply of construction materials, confectionery and dairy products, as well as IT services to Uzbekistan. To further boost the export of domestic products to the Uzbek market, the International Center for Industrial Cooperation – Central Asia industrial zone was established on the Kazakh-Uzbek state border a month ago.