Kazakhstan is ready to increase the list of goods for export to Austria

Today, on September 23, 2021, a meeting of the Kazakh-Austrian Intergovernmental Commission on Economic, Agricultural, Environmental, Industrial, Technical and Technological Cooperation (IPC) was held in Nur-Sultan.

This is the first joint European IPC for a long time.

The Austrian delegation was headed by Florian Frauscher, Director General at the Federal Ministry of Digitalization and Economy of Austria.

A number of issues were raised. Vice-Minister of Trade and Integration Kairat Torebayev, being the co-chairman of the IPC, focused on the potential in exports. In particular, he proposed to introduce new forms of cooperation to equalize the trade and economic situation.

According to him, 83 companies with Austrian capital and 25 Kazakh-Austrian joint companies in various sectors of the economy operate in Kazakhstan.

In addition, the representative office of the Austrian Economic Chamber ADVANTAGE AUSTRIA ALMATY is working in Almaty, which is also interested in the possibilities of further deepening trade and economic cooperation between our countries.

"We emphasize the importance of providing support from the specialized structures of the two countries. On the Kazakh side, "QazTrade", "KazakhExport", "KazakhInvest", AIFC Business Connect are ready to support in the practical implementation of joint projects of Kazakh and Austrian enterprises, primarily in the real sector of the economy, " Kairat Torebayev said during the IPC.

To activate trade cooperation, he proposed to exchange lists of potential export goods that can be delivered to the market of Austria and Kazakhstan.

Thus, Kazakh companies are ready to expand the range of exports and supply 70 processed goods of various industries worth $557.2 million to the Austrian market.

"We have the opportunity to increase the supply of products of metallurgical products in the amount of $295,3 million, petrochemical-
for $137.5 million, a food -at $74.7 million, machine - building -
at $16.1 million, chemical -a $16.1 million, construction products,- $18.5 million," he listed, the Vice-Minister of trade and integration of the potential areas for export.

At the final stage of the IPC, the parties signed a Protocol that provides for the development of relations in other areas: digitalization, agriculture,tourism, etc.