Launched a new project to support trade between Central Asian countries

The United States Agency for International Development (USAID) has announced the launch of a new five-year trade project in Central Asia with a total budget of $ 19 million, implemented in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, reports.

“Trade development efforts under the new project will build on USAID’s longstanding achievements in regional trade facilitation, entrepreneurship development, and regional engagement. The project will provide technical assistance to the public and private sectors to achieve three key strategic goals, ”the US Embassy in Uzbekistan said.

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First, the activities of the program will be aimed at harmonizing customs and border control procedures in order to reduce financial and time costs, as well as stimulate economic growth in the region.

Second, the program will strengthen public-private partnerships to implement reforms that stimulate development and ensure investment flows.

Third, work will be carried out with stakeholders to increase the volume of cross-border trade both within the Central Asian region and beyond.