In a significant milestone for regional economic cooperation, trade between Central Asia and the Gulf Cooperation Council (GCC) countries has seen remarkable growth, reaching $3.3 billion in 2024, according to the Eurasian Development Bank (EDB). This represents a 4.2-fold increase compared to 2020, underscoring the deepening economic ties between the two regions. The GCC … [Read more...]
China-Central Asia commodity turnover hits record high in 2024
In 2024, commodity turnover between China and Central Asian countries reached $94.82 billion, Kazinform News Agency reports citing the General Administration of Customs (GAC) of China. Kazakhstan is ranked first among trade partners of China in Central Asia - $43.82 billion. Kyrgyzstan is second - $22.71 billion, and Uzbekistan is third - $13.78 billion. Turkmenistan stands … [Read more...]
Afghanistan: Nearly 700 Million in Trade Conducted With Central Asian Countries
The Ministry of Industry and Commerce said that in the first five months of the current solar year, Afghanistan has conducted trade worth nearly $700 million with Central Asian countries. Akhundzada Abdul Salam Jawad, spokesperson for the ministry, said that around $60 million of exports have been made, and the ministry is working to increase the level of exports to Central … [Read more...]
Kazakhstan and Uzbekistan plan to DOUBLE their GDP by 2030
nCa Report In plans that may sound rather ambitious but are actually quite realistic, Kazakhstan and Uzbekistan are striving to double their GDP by 2030. Uzbekistan The GDP in Uzbekistan has recently crossed the USD 100 billion mark and its doubling by 2030 should see it rising to around USD 200 billion. For Uzbekistan, it would be particularly remarkable as the country … [Read more...]
Kazakhstan Sees $120 Million Export Potential to Turkmenistan
During the meeting in Astana on 13 June 2024, Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev and Minister of Trade and Foreign Economic Relations of Turkmenistan Begench Gochmollayev exchanged views on a wide range of issues related to the development of trade and economic relations between the two countries. According to Kazakhstan's Ministry of Trade and … [Read more...]
Trade Between Turkmenistan and Uzbekistan Thrives, Reaching Nearly $940 Million
The economic partnership between Turkmenistan and Uzbekistan continues to flourish, as bilateral trade turnover soared to $939.1 million in January-October 2023, according to the Statistics Agency under the President of Uzbekistan. This remarkable growth underscores the deepening ties between the two nations. Uzbekistan's exports to Turkmenistan during this period reached … [Read more...]