Uzbekistan and the Eurasian Economic Union develop transportation cooperation

Seetao 2021-10-25 11:44
  • The two parties will cooperate to promote the construction of transportation and logistics infrastructure
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Affected by the new crown epidemic, Uzbekistan’s economy was once stagnant. In order to seek international cooperation to promote the recovery of the country’s economy, Uzbekistan’s Deputy Speaker of the Legislative Yuan (lower house of the parliament) of Uzbekistan said in an interview on October 20 that Uzbekistan is willing to cooperate with Europe. The Asian Economic Union has carried out fruitful cooperation.

Kazakhstan said that the outstanding advantage of the Eurasian Economic Union is that it has a vast geographic space and can realize the free flow of personnel, capital, services, and goods. Utilizing this unified geographic and economic space can standardize and reduce taxes, tariffs and other expenditures, simplify intra-union trade, trade with free trade zone partners, and international trade procedures. Another important direction of cooperation between Uzbekistan and the Eurasian Economic Union is to safeguard the rights and interests of labor migration and realize mutual recognition of academic qualifications. This will enable the Uzbek people to enjoy the benefits of a unified labor market, remove restrictions, simplify employment procedures, and increase Uzbekistan’s labor force in the Union countries. Competitiveness in the market.

The interconnection of transportation channels is an important prerequisite for realizing trade cooperation. Kazakhstan said that as the scale of trade between Uzbekistan and the alliance countries continues to expand, Uzbekistan is willing to deepen industrial cooperation, build a regional value chain, and develop transportation and logistics infrastructure. Improving transportation corridors and logistics infrastructure is a key factor in achieving the sustainable development of the national economy. Uzbekistan welcomes all parties to join the "Agricultural Fast Track" project jointly initiated by Uzbekistan, Russia, and Kazakhstan. The project aims to ensure the rapid supply of commodities that each other needs. Editor/Xu Shengpeng