Uzbekistan, Kazakhstan Aim to Boost Bilateral Trade to $10 Billion by 2030

Uzbekistan and Kazakhstan are set to increase their bilateral trade turnover to 10 billion U.S. dollars by 2030.

The commitment was announced during a meeting between Uzbekistan's Minister of Investment, Industry and Trade Laziz Kudratov, and Kazakh Trade and Integration Minister Arman Shakkaliyev, The Caspian Post reports, citing Kazinform.

The two sides discussed the implementation of existing bilateral agreements and outlined further steps to enhance trade, economic and investment cooperation between the two countries, said a statement by the press service of the Uzbek ministry.

In 2024, the trade volume between the two sides reached nearly 4.3 billion dollars, driven by an increase in exports of food products, textiles, non-ferrous metals, chemical products and plastic goods, it said.