In 5 years, the volume of trade turnover between Uzbekistan and Kyrgyzstan increased by 5 times

The place of the Prime Minister of the Republic of Uzbekistan in Bishkek - Minister of investment and foreign trade of the Republic of UzbekistanPresident Of The Kyrgyz Republic, S. UmurzakovThere was a meeting with Japarov.

At the meeting, issues of development of multifaceted cooperation in political, trade-economic, investment, transport and logistics, water-energy, tourism and humanitarian spheres were discussed.

There was a significant increase in bilateral trade indicators. In particular, in the last 5 years, the volume of trade turnover between Uzbekistan and Kyrgyzstan increased by 5 times and reached 950 million dollars in 2021.

Today, it was announced that there are all necessary conditions for reaching the volume of trade between the two countries to 2 billion dollars, and in this regard it was noted that it is necessary to work on strengthening relations between the business circles of the two countries.

Significant progress is also observed in the investment sector. In this regard, the parties hailed the official opening of the Uzbek – Kyrgyz Development Fund, which is intended to become a catalyst for the development of investment relations between the two countries.

In addition, the participants of the meeting exchanged views on the most pressing issues on the agenda of bilateral cooperation and expressed a number of proposals on further activation of intergovernmental and interagency cooperation in order to accelerate the promotion of joint projects and initiatives, as well as to promptly resolve the issues arising.