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.
The 81st UN General Assembly returns for its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplo...
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meetin...
Shipping traffic through the Strait of Hormuz remained low on Thursday, as Iran reiterated that it will neither enter into new negotiations with th...
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
The 81st UN General Assembly continues in New York on Wednesday, with another day of high-level speeches and diplomatic meetings. The wars in the Middle East and Ukraine, global security and international cooperation remain at the centre of discussions.
Armenian Prime Minister Nikol Pashinyan says Yerevan wants to deepen ties with Moscow while strengthening its partnership with the European Union as part of a balanced foreign policy.
For decades, the Strait of Hormuz has been one of the Gulf’s main gateways to the world. Now, months of disruption are pushing regional governments to invest in alternative routes and move more cargo around the strategic waterway.
Germany will keep its Patriot air-defence system deployed in eastern Türkiye until April 2027 as NATO bolsters its defences against regional missile threats.
11 of 19 Kazakh servicemen swept into the Caspian Sea during military exercises in the Mangystau region have died, Kazakhstan’s Defence Ministry said on Thursday.
U.S. officials drafted a statement for Secretary of State Marco Rubio in early September condemning UK, French and Canadian plans to block imports from Israeli settlements in the West Bank, but it was never released.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment