Kazakhstan and Uzbekistan sign $1 billion worth of contracts

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ASTANA: Uzbek President Shavkat Mirziyaev has met his Kazakh counterpart, Nursultan Nazarbaev, during his first trip to Kazakhstan, signing contracts worth $1 billion.

The contracts were signed at a Kazakh-Uzbek business forum in Astana yesterday.

Kazakh President Nursultan Nazarbayev welcomed Mirziyoyev warmly. “Uzbekistan is our strategic partner, neighbor and brotherly country,” he said at a joint press conference following their meetings.

He added trade between the two countries has “intensified in the last five months thanks to measures undertaken by both sides and it has increased by 30 percent.”

Mirziyoyev said that Uzbekistan and Kazakhstan are close neighbors.

Companies from the two countries signed 92 documents for a total amount of $840 million, according to Atamekan National Chamber of Entrepreneurs of Kazakhstan.

There were also 13 inter-state and intergovernmental documents signed, including a Joint Declaration on further deepening strategic partnership and strengthening good neighborhood ties between Uzbekistan and Kazakhstan, the Strategy of economic cooperation for 2017-2019, and the Agreement on interregional cooperation.