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Uzbekistan, Kyrgyzstan enhance mutually beneficial partnership

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Uzbekistan, Kyrgyzstan enhance mutually beneficial partnership

Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with the President of the Kyrgyz Republic Sadyr Zhaparov, in Bishkek, reports “Dunyo” IA correspondent.

At the meeting, issues of developing multifaceted cooperation, primarily in the political, trade and economic, investment, transport and logistics, water and energy, tourism, and humanitarian spheres, were considered. The mutual commitment was expressed to further enhance and deepen the multifaceted interaction between Uzbekistan and Kyrgyzstan.

Over the past 5 years, the trade turnover between Uzbekistan and Kyrgyzstan has grown 5 times and in 2021 reached $950 million. It was noted that there are all prerequisites for bringing the volume of mutual trade up to $2 billion, in connection with which it is necessary to intensify work to strengthen ties between the businesspeople of the two countries.

Significant progress is also observed in the investment sphere. In this context, the parties welcomed the official opening of the Uzbekistan – Kyrgyzstan Development Fund, designed to become a catalyst for the growth of investment partnerships between the two states.

The meeting participants exchanged views on the most pressing issues on the agenda of bilateral cooperation and voiced several proposals for further intensifying intergovernmental and interdepartmental cooperation to accelerate the promotion of joint projects and initiatives and promptly resolve existing issues.

Following the meeting, an agreement was reached to intensify joint efforts to further build partnerships in all the areas considered, as well as the high-quality and timely implementation of existing agreements.

“Dunyo” IA