The Kazakh-Israeli Intergovernmental Commission is scheduled for March 2022

Nur-Sultan, House of Ministries - On October 13, 2021, the Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov met with the Minister of Tourism of Israel Yoel Razvozov.

Israel is an important trading partner for Kazakhstan. Thus, the volume of trade in 2020 amounted to $376.7 million. At the same time, the trade turnover for 8 months of 2021 amounted to $190.9 million. At the same time, exports in January-August 2021 amounted to $164.6 million, and imports in January-August 2021 - $26.3 million.

According to Bakhyt Sultanov, there are 95 enterprises with Israeli participation in Kazakhstan.
"I consider it necessary to diversify trade flows between our countries. We offer Israel to consider a list of potential goods from 70 product names worth $320.58 million. So, we have the opportunity to increase the supply of petrochemical, food, metallurgical, machine-building, chemical and construction industries," Bakhyt Sultanov said.

In turn, the Minister of Tourism of Israel, Yoel Razvozov, confirmed his motivation to promote the development of exports of these industries.

"We are interested in cooperation with Kazakhstan in the fields of agriculture, land irrigation, cybersecurity, energy, healthcare, as well as further development of cooperation and increase in commodity turnover within the EAEU. Israel will be glad to consider the projects of Kazakhstani businessmen to attract its investors. We propose to consider the possibility of opening a training center in the field of cybersecurity," said Yoel Razvozov.

Following the meeting, the Kazakh side proposed to create a Kazakh-Israeli Business Council and hold the next 9th meeting of the IPC in March 2022 in Kazakhstan in order to expand and develop business contacts.
Recall that since June 29, 1992, the Kazakh-Israeli IPC for Trade and Economic Cooperation has been functioning.