Trade between Uzbekistan and Kazakhstan surges by 14% in 2025, $4B investment in portfolio
Trade between Uzbekistan and Kazakhstan has seen a significant increase of 14% since the beginning of the year, with a portfolio of investment projects exceeding $4 billion. This positive development was highlighted during an informal meeting between President of Uzbekistan Shavkat Mirziyoyev and President of Kazakhstan Kassym-Jomart Tokayev in Almaty.
The two leaders discussed the importance of strengthening their strategic partnership and alliance, with a focus on enhancing trade, industrial cooperation, and regional infrastructure development. Deputy prime ministers presented reports detailing measures to boost cooperation in key sectors such as mechanical engineering, electrical engineering, oil and gas, textiles, and agriculture.
President Tokayev emphasized the significance of practical initiatives, including the launch of the International Industrial Cooperation Center and the expansion of the joint foreign trade company. Both leaders agreed on the necessity of a long-term program to strengthen industrial cooperation and accelerate infrastructure projects of regional significance.
In addition to economic matters, regional and international issues were also discussed, including preparations for upcoming Central Asian summits in Uzbekistan. President Tokayev commended Uzbekistan’s strong economic performance, while President Mirziyoyev praised Kazakhstan’s economic progress.
The meeting concluded with both leaders reaffirming their commitment to deepening the Kazakh-Uzbek strategic partnership and enhancing cooperation across various sectors. This positive trend bodes well for the future of trade and investment between the two countries.
