The UzKazTrade LLC foreign trade company was established to increase the trade turnover between Kazakhstan and Uzbekistan. The founders of the export-import enterprise were JSC "Center for the Development of Trade Policy "QazTrade" and JSC "UzTrade", the correspondent of the Kapital.kz business information center reports with reference to the press service of the center.

"The activities of the foreign trade company will be aimed at conducting market research and competitive analysis on the products of large enterprises of the two countries, developing proposals for placing orders for the production of finished products, optimizing and coordinating mutual trade processes, assisting businesses in certification and promotion of products for export, as well as in the supply of technological equipment, spare parts, components, raw materials and materials produced in Uzbekistan and Kazakhstan to replace imports from third countries, search for new buyers and consumers of products," the message says.

By the end of 2022, the trade turnover between Kazakhstan and Uzbekistan reached 5.0 billion dollars, which is 29.8% higher than the previous year (3.8 billion dollars).