BAKU, Azerbaijan, Apr.10
Trend:
Kazakhstan’s Prime Minister Askar Mamin and his Uzbek counterpart Abdulla Aripov took part in the ceremony of laying foundation of the future ‘Central Asia’ ICTEC (International Center for Trade and Economic Cooperation) on Apr.10, Trend reports referring to the Kazakh government’s press service.
According to the press service, the center will be located between Kazakh Zhibek Zholy and Uzbek Gisht Kuprik checkpoints. The total area of the center will be 400 hectares, the throughput capacity – 35,000 people and 5,000 trucks per day in both directions.
The center is expected to become a large industrial, trade and logistics platform for the implementation of joint investment projects of Kazakhstan and Uzbekistan. The most promising areas of industrial cooperation are the manufacturing sector, agro-industrial complex and light industry.
"The governments of Kazakhstan and Uzbekistan are working on the task of bringing the level of mutual trade to $10 billion. The project launched today will serve to achieve this goal and further strengthen the comprehensive strategic cooperation of the two states," Mamin said.
The Kazakh side expressed interest in creating a single commodity distribution system between Kazakhstan and Uzbekistan by opening 3 wholesale distribution centers in the country’s Surkhandarya and Fergana regions with a total investment of $22.5 million and a transshipment capacity of 67,000 tons per year.