In his speech at the Economic Cooperation Organization Summit held in Khankendi, the President of Uzbekistan urged to define the medium and long-term development priorities of the organization and put forward a proposal to adopt the concept of 'Strategic Goals of Economic Cooperation – 2035.
"The foundation of any peace and development is based, first and foremost, on economic cooperation. Therefore, our partnership within the Organization is not only natural, but also of great strategic importance," - the President Shavkat Mirziyoyev said in the statement published by his press office.
He emphasized the importance of enhancing cooperation in innovation, artificial intelligence, and digital technologies, alongside traditional sectors such as trade, investment, transport, energy, industry, agriculture, ecology, tourism, and education.
Uzbekistan leader stressed that the current volume of mutual trade among ECO member states remains relatively low, according to 2024 data. The trade volume acmounted $95 billion that is only10% of total trade of all ECO member-countries.
"We propose holding a meeting of our trade ministers in Tashkent this year to address strategic issues in this field and to finalize an Agreement on Trade Facilitation,” President Mirziyoyev stated.
“We are also putting forward an initiative to adopt a long-term Eco-Invest Program aimed at elevating our investment cooperation and enhancing the transparency and attractiveness of the investment climate. The primary objective of this program is to attract private investors, banks, and international financial institutions to high-potential projects across our region.”
He drew attention to the impact of recent geopolitical escalations on supply chain stability and underlined the strategic necessity of creating alternative transport routes.
In particular, Mirziyoyev highlighted the launch of the China – Kyrgyzstan – Uzbekistan railway link last year, which would be connected with the Trans-Afghan corridor, effectively integrating transit networks across the region.
Uzbekistan has urged to create a Digital Transport and Customs Office to ensure the digitalization of the transport and logistics sector.
"Among our key priorities are the launch of new regional air routes, the implementation of innovative partnerships between airlines, and the development of integrated marketing strategies linking the tourism and aviation sectors. To address these issues, we propose holding a National Airlines Forum in Samarkand," - President Shavkat Mirziyoyev stated.
"We have the potential to double the number of tourist arrivals. To support this objective, the development of a Roadmap for the Expansion of Tourism Services within the Organization will be essential," - he added.
Uzbekistan leader welcomed the participation of the delegation from the Interim Government of Afghanistan after a prolonged absence and called Afghanistan 'as an integral part of our Organization’s space and as an important partner in broader economic cooperation and regional transport connectivity efforts.'
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The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Afghanistan and Belarus have agreed to advance joint industrial projects, investment and technical cooperation following talks in Minsk, as Kabul seeks Belarusian machinery and support to develop domestic manufacturing.
Uzbekistan and Azerbaijan are drawing up a new programme aimed at boosting bilateral trade to $1 billion by 2030, as the two countries move to deepen economic and industrial ties.
Syria says it assured Israel that Türkiye had no plans to establish a military presence at the Abu al-Duhur airbase before Israeli forces struck the site on Tuesday.
Israeli Prime Minister Benjamin Netanyahu has issued his strongest warning yet over Türkiye's growing military role in Syria, saying Israel will not accept Turkish forces expanding their presence further south.
Azerbaijan’s support for Ukraine could provide a model for neighbouring countries seeking to strengthen their sovereignty, the director of development at an organisation supporting Ukraine’s armed forces has told AnewZ.
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