Kazakhstan and Iran Discuss Ways to Strengthen Mutual Trade

Tehran, November 19, 2024 - Ambassador of Kazakhstan to Iran Ontalap Onalbayev met with Deputy Minister of Industry, Mining and Trade of the Islamic Republic of Iran - Chairman of the Trade Development Organization Mohammad Ali Dehgqan Dehnavi.

During the meeting, the parties agreed to strengthen cooperation between the two countries in the fields of trade, industry, mining, transport and logistics, mutual settlements, discussed the implementation of the Roadmap for increasing bilateral trade turnover to 3 billion US dollars, the work of the 20th joint meeting of the intergovernmental commission on trade, economic, scientific, technical and cultural cooperation between the Republic of Kazakhstan and the Islamic Republic of Iran scheduled to be held in Astana in early 2025.

The Ambassador of Kazakhstan emphasized that Astana attaches priority importance to strengthening bilateral relations with Tehran, and stated that the Trade Development Organization plays an important role in enhancing mutual cooperation. The Kazakh side noted that it is ready to establish close cooperation with the Trade Development Organization in order to raise mutual trade and economic relations to a new level.

In his turn, the Chairman of the Trade Development Organization of Iran stated that Iran considers Kazakhstan as a strategic partner and welcomed the full use of the great potential of the two countries to implement the agreements and understandings reached between the two countries.

Dehnavi highly appreciated the potential of the two countries in the field of transport and logistics and suggested that the Kazakh side use the opportunities of the international North-South corridor and the seaports of Iran on the coast of the Caspian Sea and the Persian Gulf.

The Iranian official noted that the third international exhibition "EURASIA EXPO 2025" is planned to be held in Tehran on February 21-24, 2025, and invited government agencies and the private sector of the Republic of Kazakhstan to take an active part in this important event.

In addition, the parties supported the further development of mutual investment cooperation and drew attention to the successful implementation of a number of projects in the field of industry and mining. During the meeting, the importance of improving the mechanism of mutual interbank settlements to strengthen trade and economic cooperation between the two countries was noted. In addition, the parties confirmed the effectiveness of the use of mechanisms for the effective use of opportunities arising from the free trade agreement between the Eurasian Economic Union and Iran to strengthen bilateral and multilateral cooperation.