BAKU, Azerbaijan, March 14. Uzbekistan has launched the construction of the "Andarkhon" trade and logistics center in the country’s Ferghana (a border region with Tajikistan), Trend reports via the Tajik Sughd region's official website, sugd.tj.
Uzbekistan will invest over $7.8 million in the complex’s construction project.
The message says that the trade and logistics center will be built on an area of 5 hectares and some 200 trade shops, a bank, a canteen, and a cafe, as well as a hotel, will be available in it.
According to the message, Khokim (governor) of the Fergana region, Chairman of Tajikistan’s Sughd region, Ambassador Extraordinary and Plenipotentiary of Tajikistan to Uzbekistan, as well as entrepreneurs and traders of both countries took part in the launching ceremony of construction works.
The Andarkhon complex will help both countries to increase the volume of trade turnover, by selling local products.
Meanwhile, according to the recent data of the Uzbek State Statistics Committee, trade turnover between Uzbekistan and Tajikistan amounted to $38.6 million in the first month of 2023, which is a decrease of 4.9 percent or $2 million, compared to the same period in 2022 ($40.6 million).
Tajikistan’s export to Uzbekistan in the reporting period made up $5.3 million, decreasing by 32.9 percent over January 2022 ($7.9 million), while imports amounted to $33.3 million. This figure increased by 2.1 percent, compared to the figure for January 2022 ($32.6 million).
During the reporting period, Tajikistan imported from Uzbekistan some 1,200 tons of fruit and vegetables worth $500,000, and textile products worth $2.5 million, etc.