BAKU, Azerbaijan, June 23. Kyrgyzstan and
Uzbekistan agreed to expand cooperation and increase bilateral
trade turnover to $2 billion by 2030.
This was reported by the Cabinet of Ministers of Kyrgyzstan.
This was stated by Chairman of the Cabinet of Ministers of the
Kyrgyz Republic - Head of the Presidential Administration of the
Kyrgyz Republic Adylbek Kasymaliev during the 12th meeting of the
Joint Kyrgyz-Uzbek Intergovernmental Commission on Bilateral
Cooperation.
"By the end of 2025, trade turnover between our countries
exceeded $1 billion, increasing by 19% compared to 2024. I would
like to emphasize that over the past five years it has doubled. We
have jointly set an ambitious but achievable goal - to bring the
volume of mutual trade to $2 billion by 2030," Adylbek Kasymaliev
said.
The Chairman of the Cabinet of Ministers emphasized that
Kyrgyzstan attaches particular importance to deepening trade and
economic cooperation with Uzbekistan, noting the steady growth of
bilateral trade in this area.
The sides also noted the need to intensify the activities of the
Kyrgyz-Uzbek Development Fund, which successfully implements
mutually beneficial projects, and to increase its authorized
capital in accordance with the agreements reached.
Meanwhile, the agreement to increase trade turnover to $2
billion by 2030 reflects the growing economic partnership between
Kyrgyzstan and Uzbekistan and highlights the importance of trade
and investment cooperation in bilateral relations. The doubling of
trade volumes over the past five years indicates the expansion of
economic ties between the two neighboring countries.
The focus on strengthening the Kyrgyz-Uzbek Development Fund
shows that both sides aim to support practical investment projects
and expand financial mechanisms for cooperation. Increasing the
fund’s capital could provide additional opportunities for joint
initiatives in priority sectors, including industry,
infrastructure, and energy.
