Uzbekistan’s Deputy Prime Minister Jamshid Khodjaev and Kazakhstan’s Minister of Trade and Integration Serik Zhumangarin reportedly discussed in detail the agreements inked in December last year, media reports.
According to the media, one of the agreements is intended for the development of a feasibility study for the construction of a multimodal logistics center in the Tashkent region. The first stage of its implementation envisages attracting $70mn in investments by 2026.
Besides, the two sides reflected on the topic of creating the Central Asia border center for industrial cooperation. The project was announced in December 2021, and the Kazakh Ministry of Trade specified that its main goal would be to implement joint industrial initiatives.
At the end of January, a location for the center was preliminary agreed upon; in the area of the Gulistan-Atameken border crossing. Serik Zhumangarin promised to "force the signing of the investment agreement."
The minister also invited Uzbek businesses to participate in the creation and operation of a trade and logistics hub on the border of Kazakhstan and Kyrgyzstan.
In addition, the parties approved the concept of creating a joint foreign trade company to organize systemic supplies of replacement products. The meeting discussed the implementation of joint projects in the fields of energy, chemical industry, mechanical engineering, electrical engineering, infrastructure, and transport, etc.