The results of expert negotiations of the Ministry of Trade and Integration of the Republic of Kazakhstan with the state bodies of the Republic of Bangladesh

On February 25 was held the online expert meeting of the Ministry of trade and integration of Kazakhstan with participation of the Ministry of foreign affairs and the Embassy of Kazakhstan in India and the state bodies of the Republic of Bangladesh on the issue of creating the first site of interaction of Kazakhstan and Bangladesh Working group.

The main task of the Working Group will be to work out ways for further trade and economic rapprochement between our countries and find common ground in the development of Kazakh-Bangladeshi relations.

Currently, the main export products from Kazakhstan to Bangladesh are: seeds and fruits of oilseeds, unkempt cotton fiber, pipes made of ferrous metals. Kazakhstan, in turn, imports mainly light industry products from Bangladesh.

According to the results of 2020, the trade turnover between our countries amounted to 31 million US dollars. Exports from Kazakhstan to Bangladesh amounted to 955 thousand US dollars, imports - 30 million US dollars.

In order to maintain and increase the volume of trade between Kazakhstan and Bangladesh, Kazakhstan experts have prepared a list of potential goods that can be delivered to the Bangladesh market from Kazakhstan. This is more than 35 products worth a total of $ 24.8 million. There is an opportunity to increase the supply of products from the metallurgical, petrochemical, food, machine-building, chemical products, as well as construction products.