ECONOMIC RELATIONS BETWEEN THE COUNTRIES OF UZBEKISTAN AND AFGHANISTAN
Keywords:
Uzbekistan, Afghanistan, economic growth, production, economy, economic infrastructure, export and importAbstract
The inter-economic relations between Uzbekistan and Afghanistan have been characterized by significant developments in trade, investment, and infrastructure projects from 2022 to 2024. In 2022, bilateral trade reached approximately $700 million, reflecting a growth of 15% compared to the previous year. By 2023, this figure increased to $800 million, with Uzbekistan exporting goods such as textiles and machinery while importing agricultural products from Afghanistan. The first half of 2024 has shown a promising trend with projections estimating trade volumes could exceed $1 billion by year-end.
Investment flows have also seen an upward trajectory; Uzbekistan’s investments in Afghanistan amounted to around $200 million in 2022, primarily directed towards energy and transportation sectors. This figure rose to $250 million in 2023, indicating a growing confidence among Uzbek investors. Additionally, infrastructure projects like the Termez-Mazar-i-Sharif railway have been pivotal in enhancing connectivity and facilitating trade.
Statistical data from international organizations indicate that remittances from Afghan migrants working in Uzbekistan contributed significantly to Afghanistan’s GDP, accounting for nearly 5% in 2023. Furthermore, regional cooperation initiatives have fostered economic integration, with joint ventures emerging in sectors such as agriculture and mining.
Overall, the economic relationship between Uzbekistan and Afghanistan is evolving positively, driven by mutual interests in stability and development. Continued collaboration is expected to yield substantial benefits for both nations as they navigate the complexities of regional dynamics.
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