Uzbekistan, Kyrgyzstan agree to develop co-op in customs sector

Business Materials 9 December 2020 16:36 (UTC +04:00)
Uzbekistan, Kyrgyzstan agree to develop co-op in customs sector

BAKU, Azerbaijan, Dec. 9

By Klavdiya Romakayeva - Trend:

Uzbekistan, Kyrgyzstan agreed to create a working group on cooperation in the customs sphere and sign in the future a roadmap to expand and deepen bilateral cooperation, Trend reports with reference to the government of Kyrgyzstan.

The issue was discussed by the Prime Minister, First Vice Prime Minister of Kyrgyzstan Artyom Novikov, and Deputy Prime Minister, Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov during a bilateral meeting held in Fergana region in Uzbekistan.

Also, it was decided to consider a set of issues on the implementation of joint investment projects and industrial cooperation projects until December 25 of this year, with the definition of specific measures, directions, and conditions for joint interaction.

The parties considered the development of the transport industry, including international transport, to expand the geography of exports of both countries and their entry into new markets.

The ministers also discussed the development of joint trade and logistics and wholesale distribution infrastructure in the territory of the two countries.

In addition, it was decided to create a Kyrgyz-Uzbek investment fund with an authorized capital of $50 million within the framework of the previously signed Agreement on financial cooperation.

Earlier it was reported that foreign trade turnover between Uzbekistan and Kyrgyzstan for 10 months of 2020 amounted to $736.3 million, of which exports account for $622.4 million and imports - $113.9 million.


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