Connectivity is key for new EU- Central Asia business prospects, Vafeades says

Connectivity is a key word for the new business prospects between the EU and Central Asia, Minister of Transport, Communications and Works, Alexis Vafeades said on Friday at the 2nd EU -Central Asia Economic Forum, in Kazakhstan.

According to an official press release, the aim of the Forum was to enhance relations between the EU and the countries of Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan). Participants discussed the three main areas of cooperation that are included in the strategy adopted by the EU in 2019 for Central Asia. These priorities are the green and digital transition, improving the business environment and promoting trade and connectivity.

The Minister spoke during a discussion on “Improving Business Activity in Central Asia”, which was attended by, among others, the Minister of Foreign Affairs of Hungary, the Minister of National Economy of Kazakhstan and the Deputy Minister of Economy of Uzbekistan.

In his intervention, the Cypriot Minister said that transport infrastructure is very important in improving trade conditions and the proposed new infrastructure in Central Asia will certainly boost business activity in the region and open new business prospects with similar connections with EU.

“Connectivity is a key word,” he stressed.

On the sidelines of the forum, the Minister held a series of bilateral meetings with officials from other countries, including Hungarian Foreign Minister Peter Szijjarto and Latvian Transport Minister Janis Vitenbergs.

Source: Cyprus News Agency