Trade turnover between Kazakhstan and Kyrgyzstan increased by 12.7%

Nur-Sultan - January 24, 2022. Today, Vice Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebayev met with the Ambassador Extraordinary and Plenipotentiary of the Kyrgyz Republic to the Republic of Kazakhstan
By Dastan Dyushekeev .

It is noted that the Kyrgyz Republic is one of Kazakhstan's key partners in the Central Asian region and plays an important role in the framework of the Eurasian Economic Integration.

Cooperating within the framework of the Eurasian Economic Union and other integration associations, a sufficient regulatory framework has been formed between the countries that allows for free trade.

"Taking into account the task of bringing bilateral trade turnover to $1 billion, the priority task for the short term is to restore the volume of mutual trade after the coronavirus crisis of 2020," Kairat Torebayev stressed.

He also noted that over the 11 months of this year, we have seen a positive increase in trade turnover by 12.7% compared to the same period last year (from $775.8 to 874.4).

During the meeting, the Parties considered a number of specific proposals of the Republic of Kazakhstan on expanding the range of goods supplied, organizing the supply of Kazakh buses, Airbus light helicopters, and developing cooperation in the field of services of space remote sensing systems of the earth.

In addition, the course of implementation of projects on the formation of the Eurasian commodity distribution network in the Kyrgyz Republic and the creation of an industrial trade and logistics complex (ITLC) based on the Karasu and Ak Tilek checkpoints was discussed.

During the conversation, the parties stressed that the dynamic development of bilateral trade and economic cooperation will be predetermined by the strengthening of interregional ties and contacts of business circles. In this context, the relevance of the First Forum of Interregional Cooperation was noted.

In addition, the Kazakh side initiated the issue of providing support to Kazakhstani investors operating in the Kyrgyz Republic.