The Presidents of Kazakhstan and Uzbekistan called the year of 2018 the year of breakthrough in development of the commercial and economic cooperation between the countries. Thus, the countries demonstrated a significant increase in trade turnover – from $3 billion in 2018 to the expected level of $5 billion in the current year, reported the President at the Association Fat-and-Oil Union of Kazakhstan, Konstantin Nevzorov.
According to him, the indicator can increase at the expense of development of open market relations between Kazakhstan and Uzbekistan, instead of mutual competition with restrictions on access to both raw materials and finished products.
In particular, due to its climatic conditions, Uzbekistan usually purchases oilseed crops from Kazakhstan at the market prices, as well as finished fat-and-oil products. Open, equal competitive conditions on the markets of raw materials and finished products will contribute to development of prosperity and modernization of the production industry in both countries, the expert added.
According to Nevzorov, Kazakhstan should not impose any bans on the exports of raw materials from the country for the greater economic effect, and in turn, Uzbekistan should not impose any duties on the supplies of finished products. (APK-Inform/Business World Magazine)