The freight forwarding market in Uzbekistan, which connect shippers and carriers, is estimated at $520 m. 90% of the share is occupied by foreign companies. To increase the share of local freight forwarders to 50%, they will be exempted from VAT. President ordered to diversify foreign trade routes.
Uzbekistan will adopt a Concept for Development of Transport and Logistics System by 2030. Minister of transport announced that alternative corridors would be identified to bypass “problematic countries”. Agreements on transportation with China, Ukraine, Moldova and other nations will be revised.
Uzbekistan and Mongolia have signed intergovernmental agreements on air and international road transport, trade, economic, and investment cooperation until 2027. Uzbekistan intends to open its embassy in Ulaanbaatar in the near future, Mongolian media says.
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