DistantNews
Support us
๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan /Economy & Trade

Kyrgyzstan and Uzbekistan Agree to Increase Trade Turnover to $2 Billion, Forge Alliance

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Kyrgyzstan and Uzbekistan agreed to boost bilateral trade to $2 billion and signed a Treaty on Alliance Relations.
  • The leaders established a Supreme Interstate Council to implement agreements and resolved border issues.
  • Key strategic projects like the Kambarata Hydroelectric Power Station-1 and the China-Kyrgyzstan-Uzbekistan railway were discussed.

Kyrgyzstan and Uzbekistan have elevated their bilateral relationship to the level of an alliance, signing a Treaty on Alliance Relations during a meeting between Presidents Sadyr Japarov and Shavkat Mirziyoyev in Cholpon-Ata. This historic agreement aims to solidify cooperation and address key regional issues.

The documents being signed should finally resolve border issues and increase the number of checkpoints. According to him, this will open up new opportunities for residents of border areas, trade, transport logistics, and humanitarian ties.

โ€” Sadyr JaparovStating the expected outcomes of the agreements signed with Uzbekistan.

A significant outcome of the talks was the establishment of a Supreme Interstate Council, tasked with overseeing the implementation of agreements reached between the two nations. President Japarov highlighted that the signed documents are expected to definitively resolve border disputes and increase the number of border crossings. This, he noted, will create new avenues for trade, transport logistics, and humanitarian exchanges, particularly benefiting residents in border areas.

Both leaders emphasized the strategic importance of major infrastructure projects. President Japarov pointed to the Kambarata Hydroelectric Power Station-1 and the China-Kyrgyzstan-Uzbekistan railway as crucial for regional development. President Mirziyoyev echoed this sentiment, calling the railway project the "project of the century" with the potential to reshape the geopolitical landscape of the region.

The two sides agreed to significantly increase bilateral trade. The Uzbek president noted that the $2 billion mark is not the limit.

โ€” Shavkat MirziyoyevCommenting on the agreement to boost bilateral trade.

The two presidents agreed to substantially increase bilateral trade, setting a target beyond the current $2 billion mark. They expressed strong confidence that the outcomes of their discussions will significantly strengthen cooperation, good-neighborliness, and the allied ties between Kyrgyzstan and Uzbekistan.

Speaking about China, Kyrgyzstan, Uzbekistan railway, he called the project a ยซproject of the centuryยป that could change the geopolitical situation in the region.

โ€” Shavkat MirziyoyevDescribing the strategic importance of the China-Kyrgyzstan-Uzbekistan railway.
DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.