Prospects of Economic Cooperation Between Central and South As | Review.uz/en - Economic Review

Prospects of Economic Cooperation Between Central and South Asia

Yuri Kutbitdinov, Chief Researcher at the Center for Economic Research and Reforms, published an article on Prospects of Economic Cooperation Between Central and South Asia on TOLOnews, one of Afghanistan's leading websites.

Uzbekistan’s foreign policy has created a solid foundation for the development of trade and other economic and investment cooperation between Central Asian countries.

Central Asian countries cover a market area of 75.3 million people. In 2020, the total GDP of the CA countries reached $291.1 billion and foreign trade turnover reached $142.5 billion.

In 2020, the total trade turnover (in goods, excluding trade in services) between Central Asian nations was $12.2 billion and the total foreign trade turnover was $142.5 billion.

It should be noted that all countries in Central Asia are interested in increasing export volumes and diversifying their foreign trade, entering new foreign markets, as well as creating and using new transport routes.

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