Ravshanbek Sabirov, head of the National Investment Agency of Kyrgyzstan, announced at the Kyrgyz-Uzbek business forum in Bishkek the countries' intention to increase mutual trade volume to $2 billion.
Strategy for increasing trade
According to Sabirov, achieving this goal will be done through joint production and investment projects between Uzbekistan and Kyrgyzstan. He emphasized that developing industrial cooperation and accessing third-country markets through joint ventures will help increase trade turnover.
Investment potential
Sabirov noted that Uzbekistan is one of Kyrgyzstan's key strategic partners in the field of investment. Kyrgyzstan is interested in attracting Uzbek investors to projects in sectors such as energy, agro-industrial complex, construction, pharmaceuticals, digital economy, and services. One of the priority areas named is the creation of clusters for joint production and industrial sites.
Example of logistics cooperation
One practical example of cooperation is the trade and logistics center created on the border of the Jalolobod and Namangan regions. Ulanbek Maksimbekov, CEO of 'Kyrgyz Eco Export', reported that over 12 thousand square meters of facilities have been built in this center, and roads, bridges, and electrical networks have been laid.
Economic zone planning
Based on this project, it is proposed to create a small economic zone. Initially, it will function as a trading platform, and subsequently, the placement of joint ventures and production capacities is planned. Maksimbekov added that negotiations are currently ongoing between the two parties, and the new center is intended to expand direct contacts between entrepreneurs from Namangan and Jalolobod.