Kazakhstan and Uzbekistan plan to jointly enter new export markets in the Middle East. The agreement was reached during the Kazakhstan-Uzbekistan Business Forum, which took place on August 5 in Tashkent.
As part of the initiative, business delegations from both countries intend to visit Aleppo in late September and Erbil in early October. A trilateral business forum involving companies from Uzbekistan, Kazakhstan, and Syria is planned to be held in Syria. The Uzbek side may be represented by 20–30 companies.
The Syrian market is of particular interest, as demand for construction materials, food products, sunflower oil, and meat products is growing amid the country’s reconstruction.
In Iraq, the supply of confectionery products, porcelain tiles, household chemicals, and polyethylene pellets has been identified as promising areas.
Joint entry into third-country markets will make it possible to:
· expand the export reach of Kazakhstan and Uzbekistan;
· combine the production and export capabilities of the two countries;
· develop cooperation between enterprises;
· utilize shared logistics routes;
· find new foreign partners.
The initiative reflects a new approach to economic partnership between the two countries—shifting from the development of mutual trade to the joint development of third-country markets. Uzbekistan and Kazakhstan also maintain their goal of increasing bilateral trade to $10 billion.
EXPORT MARKETS, IRAQ, KAZAKHSTAN, SYRIA, UZBEKISTAN
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