Ambassador of Kazakhstan has met with the Senior Minister – Minister of International Trade and Industry of Malaysia

On June 30, 2020, in Putrajaya, the Ambassador of Kazakhstan Bolat Imanbayev held a meeting with the Senior Minister – Minister of International Trade and Industry of Malaysia and Co-chairman of intergovernmental Joint Trade and Economic Committee (JTEC) from Malaysian side Datuk Seri Mohamed Azmin Ali.

During the conversation, the parties discussed prospects for expanding trade, economic and investment cooperation between two countries. The Ambassador of Kazakhstan noted that last year there were positive dynamics in bilateral trade, which amounted to 643.8 million USD in 2019.

The sides exchanged views on potential opportunities for increasing the mutual trade turnover of cargo transportation under the new conditions. The Ambassador noted that Kazakhstan could potentially become a regional production base and logistics hub for Malaysian goods and services. They also discussed the importance of the Malaysian experience in the development of Islamic Finance and Halal industry in Kazakhstan.

B.Imanbaev emphasized that it is important to use the possibilities of existing mechanisms of interaction, in particular, working groups created within the framework of the JTEC as well as Kazakhstan-Malaysian Business Council for systematic solutions of the whole range of bilateral trade, economic and investment issues.

In turn, the Senior Minister noted the great potential for expanding cooperation in various fields between the two countries and the importance of the effective work of the JTEC. He also expressed readiness to conduct the next 4th meeting of the JTEC from Malaysian side after the lifting of restrictive measures caused by the COVID-19 pandemic.