The creation of the Shavat-Dashoguz trade zone on the Uzbekistan-Turkmenistan border could attract foreign investors interested in establishing their business in Central Asia, Special Eurasia (Italy) writes.
The ceremony to launch the border zone was held in October 2022 during Uzbek President Shavkat Mirziyoyev's visit to Turkmenistan.
"In recent years, Tashkent and Ashgabat have taken significant steps towards resolving their boundary disputes through dialogue, mutual agreements, and establishing joint economic zones".
The author notes that Uzbekistan has recently implemented several reforms, including simplifying the business launching process, reducing bureaucratic red tape, and improving credit access.
"The improved business climate may make investing in the region more attractive for foreign businesses." Experts believe the two countries could access more markets and resources by establishing joint trade ventures.
"Shavat-Dashoguz," located on the border of the Khorezm region of Uzbekistan and the Dashoguz region of Turkmenistan, will provide access to the Caspian Sea, opening up further trade opportunities.
Special Eurasia also notes that the peaceful resolution of the issues relating to boundary demarcation has been one of the success stories of the two Central Asian countries.
"The Uzbekistan-Turkmenistan relationship is vital to regional stability and prosperity".
Credits: Eziz Boyarov, Ashgabat