NEWS
12 April 2021
Prime Ministers of Uzbekistan and Kazakhstan Abdulla Aripov and Askar Mamin on April 10 laid a capsule at the construction site of the International Center for Trade and Economic Cooperation (ICTEC) "Central Asia" on the Uzbek-Kazakh border. The center is to erect at the checkpoint "Gishtkuprik".
Following the negotiations, the heads of government inked an action plan for organizing the activities of the ICTES, as well as a protocol on joint actions for the development of railway transport.
The total area of the ICTES is to comprise 400 hectares, with a capacity of 35,000 people and 5,000 trucks per day in both directions. The center is intended to become a major industrial, trade and logistics platform for the implementation of joint investment projects of Uzbekistan and Kazakhstan.
"The governments of Kazakhstan and Uzbekistan are working on bringing the level of mutual trade to $10bn. The project that starts today will serve to achieve this goal and contribute to the further strengthening of comprehensive strategic cooperation between the two states," Askar Mamin, Kazakh PM said.
The Kazakh side also expressed interest in creating a single commodity distribution system between the two countries by opening three wholesale distribution centers in the Surkhandarya and Ferghana regions of Uzbekistan with a total investment of $22.5mn and a transshipment capacity of 67,000 tons per year.