Representatives of QazTrade participated in the virtual conference of the International Islamic Food Processing Association

July 27 this year, representatives of "QazTrade" JSC participated at the virtual conference of the "International Islamic Food Processing Association" on "Challenges and opportunities of the agribusiness sector in the countries of the "Organization of Islamic Cooperation" (OIC).

The conference was opened by Yerlan Baidaulet, Director-General of the "Islamic Organization for Food Security". The conference was attended by the President of the Federation of Bangladesh "Chamber of Commerce and Industry", representatives of the " International Islamic Food Processing Association", "Dubai Chamber of Commerce and Industry", "KazakhInvest" NC JSC, Al Hilal Bank and others.

Representatives of QazTrade noted that as of 2020, trade turnover of agricultural products between Kazakhstan and the OIC amounted to 2.1 billion dollars. U.S.

For reference: Kazakhstan's exports amounted to $1.6 billion and imports to $571 million. For reference: Kazakhstan's exports were $1.6 billion and imports were $571 million. The main agricultural products of Kazakhstan exported to the OIC are grains, animals or plants. Kazakhstan's main agricultural products exported to the OIC are grains, animal or vegetable fats and oils, vegetables, oilseeds and fruits.

In addition, during the conference QazTrade representatives spoke in detail about the system of state support for exporters, which includes various programs such as QazTrade Accelerator and the promotion of Kazakhstan producers to the Alibaba electronic trading platform.

Despite the new challenges faced by the countries due to the pandemic, Kazakhstan's processed food exports have shown a positive trend over the past 5 years, amounting to $1.4 billion. It is expected to reach $1.4 billion in 2020. Thus, Kazakhstan has all the prerequisites for increasing exports of domestic goods to the markets of the OIC countries.