HomeNewsKazakhstan and Uzbekistan will implement 12 joint investment projects in the agriculture by 2025

Kazakhstan and Uzbekistan will implement 12 joint investment projects in the agriculture by 2025

Kazakhstan and Uzbekistan intend to increase the volume of mutual trade and implement joint investment projects in the agricultural sector. It is planned to implement 12 investment projects worth $193.1 million and arrange the supply of 2.1 million tonnes of agricultural products worth $1.2 billion by 2025. This was reported by ElDala.kz with reference to the press service of the Ministry of Agriculture of the Republic of Kazakhstan.

Supplies of potatoes, vegetables, meat, and meat products are planned.

“In the statistics of trade turnover between our countries in terms of agricultural products, we see steady deliveries from Kazakhstan and Uzbekistan. We complement our food needs. One of the important issues is the creation of favorable conditions for increasing trade through the reduction of tariffs, including transit tariffs, the facilitation of trade and transit procedures, and the application of a transparent trade policy towards each other,” said Yerbol Karashukeev, Minister of Agriculture of the Republic of Kazakhstan.

The Ministers of Agriculture of the two countries signed the relevant Cooperation Program within the framework of a business forum in Tashkent.

The trade turnover between Kazakhstan and Uzbekistan in the agricultural sector has a positive trend and for 10 months of this year increased by 31% amounting to more than $1.4 billion. The volume of exports from Kazakhstan amounted to more than $1.165 billion.

Kazakh farmers sell to Uzbekistan mainly wheat, sunflower oil, flour, and cattle meat, as well as pasta and potatoes.

The Uzbek side sold fruits and vegetables to Kazakhstan worth $233.7 million.


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