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Uzbekistan, Kyrgyzstan in talks over creating trade and logistics centers

Transport Materials 22 November 2020 07:01 (UTC +04:00)
Uzbekistan, Kyrgyzstan in talks over creating trade and logistics centers

BAKU, Azerbaijan, Nov. 23

By Klavdiya Romakayeva - Trend:

Uzbekistan, Kyrgyzstan discussed the maintenance of high dynamics indicators of mutual trade by creating trade and logistics centers, Trend reports referring to the Ministries of Investment and Foreign Trade of Uzbekistan.

Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and Acting Prime Minister of Kyrgyzstan Artem Novikov discussed a wide range of issues of economic partnership between the two countries and prospects for further expansion of cooperation.

The sides expressed mutual commitment to the accelerated completion of work on the approval of the road map to expand and deepen cooperation in the field of industrial cooperation, as well as readiness to begin practical implementation of the agreed initiatives.

Also, further steps for the development of investment cooperation in the field of processing, packaging, and joint export of fruits and vegetables, production of textile products, agricultural machinery, and building materials were considered.

The agenda also touched upon the issues of practical interaction in order to maintain the high dynamics of the indicators of mutual trade, in particular by creating trade and logistics centers in the border regions of the two countries and implementing consistent measures to eliminate existing trade barriers.

In addition, the parties considered the prospects for cooperation in the field of transport and logistics, namely the organization of combined cargo transportation through the territories of the two countries and promising measures to introduce public-private partnership mechanisms for the implementation of projects to modernize road infrastructure in order to maximize the efficient use of existing road transport corridors.

The ministers agreed on the creation of a working group at the level of the heads of the ministries of transport of the two countries to develop promising proposals to strengthen the transport connectivity of Uzbekistan and Kyrgyzstan.

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Follow the author on Twitter: @romakayeva

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