Uzbekistan and Kazakhstan to create International Center for Industrial Cooperation

27 September 2022


Uzbekistan and Kazakhstan reached an agreement on the establishment of the International Center for Industrial Cooperation (ICIC) as soon as possible, the press service of the Uzbekistan Ministry of Investment and Foreign Trade reported on Tuesday.


According to its data, the decision was made during the negotiations of the delegations headed by Deputy Prime Minister and Minister of Investment and Foreign Trade of Uzbekistan Zhamshid Khojaev and Deputy Prime Minister and Minister of Trade and Integration of Kazakhstan Serik Zhumangarin. "In particular, the issues of development of industrial cooperation were considered. An agreement was reached to develop design and estimate documentation on the organization of external and internal infrastructure of the International Center for Industrial Cooperation, as well as a corresponding intergovernmental agreement on the regulation of the ICIC," the report said.


Parties also considered possibility of realization of joint projects in automotive industry, production of phosphorous and complex mineral fertilizers, electrical industry as well as discussed issues of cooperation in pharmaceutical production and agriculture. An agreement was reached to simplify the registration of medicines and the organization of joint production of agricultural products with the conclusion of forward contracts for its supply.


During the negotiations, the prospects of development of transport and logistics cooperation were analyzed, including the diversification of rail and road routes and increasing the number of flights between the two countries.

 

 

GSV "Russia - Islamic World"

Based on materials from TASS