Kazakhstan and Saudi Arabia Discuss Ways to Strengthen Trade Ties Amid the Regional Situation

Ambassador of Kazakhstan to Saudi Arabia Madiyar Menilbekov held negotiations with the Acting Governor of the General Authority of Foreign Trade (GAFT) of the Kingdom Mohammed Al-Abduljabbar.

During the meeting, particular attention was paid to expanding bilateral trade, diversifying the range of traded goods, and developing direct contacts between the business communities of the two countries through the organization of joint events.

In the context of the current geopolitical situation in the Middle East, the parties emphasized the importance of strengthening resilient trade ties, developing alternative logistics routes, and ensuring stable supplies of food and industrial goods. It was emphasized that Kazakhstan and Saudi Arabia can play a significant role in strengthening regional and global economic resilience.

Following the meeting, the parties agreed to further strengthen Kazakh-Saudi economic ties.

The General Authority of Foreign Trade (GAFT), established by the resolution of the Council of Ministers in 2019, is a government organization with financial and administrative independence and has broad authority in the field of foreign trade. As part of its activities, GAFT develops foreign trade policy and strategy, coordinates the activities of the government and private sectors, and represents the interests of the Kingdom in regional and international trade organizations and forums.