Kyrgyzstan-Uzbekistan: agreements worth more than $ 1.6 billion were signed
On 26 January, on the eve of the state visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Kyrgyz Republic, the Kyrgyzstan-Uzbekistan Business Forum was held in Bishkek. The Forum was also attended by members of governments, heads of relevant ministries, departments, industry associations, regional administrations, as well as more than 350 representatives of the business circles of the two countries.
A special role during the Forum has been assigned to strengthening interregional cooperation. Thanks to the creation of the Council of Khokims and heads of administrations of border regions, as well as the establishment of twinning relations between Andijan and Osh, Namangan and Jalal-Abad, Ferghana and Batken regions, over the past 3 years, the trade turnover between these regions has doubled. Joint work will continue on conducting business missions, exhibitions and forums, and on realizing the tourism potential of the regions of the two countries.
The signing of the historic trilateral Agreement on the implementation of the China-Kyrgyzstan-Uzbekistan railway construction project at the SCO Summit in Samarkand last September was noted. The intensification of work on this strategic project is designated as a priority area of cooperation in the field of transport and logistics. This will allow to diversify traditional transit routes and expand cargo transportation in the Central Asian region.
Within the framework of the business forum’s agenda, panel discussions and a round table were held, during which participants were able to discuss in detail the prospects for economic cooperation, business cooperation and issues of regional integration. The session of "B2B" negotiations that followed soon focused the attention of entrepreneurs and investors on the possibility of implementing new joint projects, allowed determining the formats and intensity of further interaction in order to reach firm agreements.
As a result of the Forum, a solid package of agreements totaling more than $1.6 billion was signed in chemical, electrical, automotive, and textile industries, agriculture, production of construction materials, leather products and other areas.
