Baku, Azerbaijan, June 21
By Fakhri Vakilov – Trend:
Today, during the 18th meeting of the Joint Intergovernmental Commission on Bilateral Cooperation between Uzbekistan and Kazakhstan, the Export Insurance Company KazakhExport JSC signed a cooperation agreement with the Uzbek company Darvoza Savdo, the owner of the Makro supermarket chain, Trend reports citing Forbes Kazakhstan.
Darvoza Savdo owns 53 points in Kazakhstan, another 9 are preparing to launch before the end of 2019, so the geography of sales of Kazakhstani products in Uzbekistan will be extensive.
In March of this year, KazakhExport Export Insurance Company JSC, which is engaged in supporting export growth, opened its representative office in Tashkent.
“We invite Kazakh producers to cooperate. The agreements reached with the banks of Uzbekistan and a large trading network open up access to Kazakhstan's manufacturers of processed products to the trade network throughout Uzbekistan. The support tools offered by us together with our Uzbek partners greatly facilitate access to the promising market of Uzbekistan,” chairman of the board of KazakhExport Export Insurance Company, Ruslan Iskakov said.
In addition, KazakhExport, in conjunction with Kazakh Turonbank, JSCB Ipoteka-Bank, and TengeBank, will provide financial support to entrepreneurs of the two countries in the amount of about $ 70 million thanks to the signed agreements.
In addition, KazakhExport already has experience of cooperation with banks in Uzbekistan.
Thus, since March 2019, KazakhExport has a strategic partnership agreement with AlokaBank JSC and Qishloq Qurilish Bank JSC aimed at long-term cooperation in the field of insurance of Kazakhstani producers and financing businessmen of Uzbekistan purchasing Kazakhstani products.
Domestic exporters supply starch syrup, polymer products and building materials to Uzbekistan.
Currently, KazakhExport is working on the implementation of promising contracts between entrepreneurs of the two countries with the participation of Uzbek banks in the amount of more than $15.8 million.
Nowadays, KazakhExport is supported by more than 70 Kazakh enterprises-exporters of both large, small and medium-sized businesses of the agro-industrial complex, light and food industries, metallurgy and chemistry.
The products of Kazakh producers are exported to Uzbekistan, Azerbaijan, Armenia, Belarus, Germany, Georgia, Italy, China, Kyrgyzstan, Mongolia, Russia, Tajikistan, Turkmenistan and Japan.
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