Uzbekistan and Kuwait have signed a memorandum of understanding aimed at facilitating trade between the two nations. The agreement was formalized during the Uzbek-Kuwaiti Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation meeting.
Uzbekistan and Kuwait have signed a memorandum of understanding aimed at facilitating trade between the two nations. The agreement was formalized during the Uzbek-Kuwaiti Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation meeting.
This move signifies a strategic step toward enhancing partnerships in key economic sectors, promising mutual growth and development.
Leading the discussions were Minister of Investment, Industry, and Trade of Uzbekistan, Laziz Kudratov, and Kuwait’s State Minister of Economy and Investment, Noura Suleiman Al-Fassam.
The meeting covered the current state of trade and economic ties, with plans laid out to draft an Industrial Cooperation Program and finalize a bilateral investment treaty. Discussions also delved into expanding collaboration in banking, finance, agriculture, tourism, transport and logistics, and environmental protection. Kuwait expressed interest in participating in Uzbekistan’s privatization efforts.
Trade turnover between Uzbekistan and Kuwait has surged over fivefold in the past five years, largely driven by exchanges of food products, chemical goods, and services. Currently, seven Kuwaiti-backed enterprises are operational in Uzbekistan, further underscoring the strengthening economic relationship.
This agreement is seen as a pivotal development, reinforcing the foundation for long-term cooperation in diverse sectors.
Uzbekistan advances road infrastructure with PPP projects, including high-speed toll roads and tunnels, to boost connectivity and trade. Key routes: Samarkand-Bukhara, Tashkent-Samarkand, Tashkent-Andijan.
Uzbekistan revises entry and transit fees for foreign freight trucks, introducing new rates for EU, Azerbaijan, and others under the 2025 state budget law, effective January 1.
Uzbekistan to host CITES COP20 in Samarkand, uniting 184 Parties to shape the future of wildlife trade, conservation, and sustainability during CITES’ 50th anniversary.
The long-anticipated China-Kyrgyzstan-Uzbekistan Railway Project commenced construction on December 27, marking a pivotal step in enhancing trade and connectivity across Central Asia.
On 27 December, the highly anticipated China-Kyrgyzstan-Uzbekistan railway project will officially commence, marking a significant milestone in regional infrastructure development.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
U.S. Congressional Azerbaijan Caucus co-chairs honour the 35th anniversary of January 20, reflecting on its impact as a pivotal moment in Azerbaijan's fight for independence.
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
Coast Guard divers Chuck Fox and Corey Smith from the US Cutter *Polar Star* successfully repaired a leaking shaft in the freezing waters of McMurdo Sound, Antarctica.
Azerbaijan has temporarily halted its contracted natural gas supply to Bulgaria following a technical issue at BP's Alpha platform in the Shah Deniz gas field.
As we welcome the new year, it’s time to focus on species needing urgent conservation in 2025. From delicate lizards to mighty hornbills and massive sharks, all face the threat of extinction.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
U.S. Congressional Azerbaijan Caucus co-chairs honour the 35th anniversary of January 20, reflecting on its impact as a pivotal moment in Azerbaijan's fight for independence.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
Kazakh political scientist Dimash Alzhanov claims that the leaked transcripts of alleged conversations between AZAL pilots and Russian ground services are an attempt to exert informational pressure on Kazakhstan and Azerbaijan during the investigation into the December crash
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
U.S. Congressional Azerbaijan Caucus co-chairs honour the 35th anniversary of January 20, reflecting on its impact as a pivotal moment in Azerbaijan's fight for independence.
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment