Kazakhstan targets $10 bln trade with Uzbekistan via direct business ties
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Kazakhstan aims to increase bilateral trade with Uzbekistan to $10 billion by expanding direct ties between entrepreneurs. Ambassador Yeraly Tugzhanov and Atameken chairman Kanat Sharlapaev discussed the target at a meeting focused on business cooperation. The initiative shifts the $10 billion goal from an intergovernmental objective to concrete contracts and partnerships.
Key Facts
- Kazakhstan and Uzbekistan aim to increase bilateral trade to $10 billion.
- Ambassador Yeraly Tugzhanov and Atameken chairman Kanat Sharlapaev met to discuss expanding direct business ties.
- The meeting focused on strengthening partnership in key economic sectors, though specific industries were not disclosed.
- No specific companies, projects, or deal volumes were named during the discussions.
The $10 Billion Target
Kazakhstan and Uzbekistan have set a mutual trade target of $10 billion. Ambassador Yeraly Tugzhanov and Atameken chairman Kanat Sharlapaev discussed the target through the practical lens of expanding contacts between entrepreneurs. The approach requires that trade growth be accompanied by new direct links between companies. A wider circle of enterprises working directly with each other is expected to increase mutual supplies and develop cooperation.
Atameken's Role
The participation of the National Chamber of Entrepreneurs brings the $10 billion goal directly to the business community level. Tugzhanov and Sharlapaev separately discussed expanding interaction between Kazakh and Uzbek entrepreneurs. No specific companies, projects, or future deal volumes were named. The focus was on creating denser business ties and identifying areas where enterprises of both countries can increase cooperation.
Key Sector Cooperation
Another direction of the meeting was strengthening partnership in key economic sectors. The list of specific industries was not disclosed in the report. Their development is directly linked to the overall task of turning the $10 billion target from an intergovernmental goal into real contracts, supplies, and entrepreneurial cooperation. For Kazakh business, Uzbekistan remains a neighboring market where further growth of economic ties will depend on companies' ability to find partners and expand interaction without intermediaries.
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Kazakhstan targets $10 bln trade with Uzbekistan via direct business ties
