Kazakhstan business mission successfully passed in Tbilisi

Kazakhstan business mission successfully passed in Tbilisi

Kazakhstani business was represented by 17 manufacturing companies operating in the following areas: food industry, construction industry, IT industry, rolled metal products, etc. Kazakhstani manufacturers of animal feed products, manufacturers of molasses, safflower, rapeseed oils and cake. As well as canned products, salt, flour mixtures and food additives for the baking industry, marmalade, juices and alcoholic beverages. In addition, Kazakhstani companies engaged in the production of metal barrels, road bitumen, digital systems in the field of healthcare and international logistics, bakery equipment, polymer products, etc., demonstrated their export capabilities.

The organizer of the Trade and Economic Mission of Kazakhstani business in Georgia is the single operator for the support and development of exports of JSC "QazTrade" Ministry of Trade and Intigration of Kazakhstan with the support of the Embassy of the Republic of Kazakhstan in Georgia, as well as the Kazakh-Georgian Economic Association.

Opening the Trade and Economic Mission, QazTrade General Director Azamat Askaruly noted that in two pandemic years, business activity between our countries was significantly reduced: the trade turnover between Kazakhstan and Georgia for 2021 amounted to 88.0 million US dollars, which is 27. 4% down from 2020 ($121.3 million).

- Both of our countries are part of a large international transport corridor - the Trans-Caspian. And in the coming years, we will see a sharp surge in activity along this route. For our countries, this will be an additional opportunity to increase trade cooperation, to return the volume of mutual trade that has “sunk” due to COVID-19. Moreover, on the part of business we see an increase in interest in interpenetrating each other's markets, Askaruly said.

According to the General Director "QazTrade, our countries have a significant potential for increasing mutual trade. Kazakh companies are ready to increase exports of processed goods to Georgia in a number of industries, including the metallurgical industry, petrochemical, food, engineering, pharmaceuticals, building materials. The total export potential is estimated at about $170 million.

As part of the Trade and Economic Mission, Kazakh business held meetings with Georgian business circles.

Following the results of the first day of B2B negotiations, Kazakh and Georgian companies signed five agreements worth $11.2 million.

Thus, in particular, contracts were signed for the supply of confectionery, salt, egg noodles, flour and pasta products to Georgia.

Also, the General Director of QazTrade took part in the annual conference Black and Caspian Sea Ports & Shipping 2022, where they discussed the prospects for the development of the transport and communication complex of the Caspian region and the potential of the Trans-Caspian international transport route.

 

Reference:

Trade turnover between Kazakhstan and Georgia in January-February 2022the year amounted to $13.1 million, which is 54.6% higher than in the same period of the previous year ($8.4 million).

The main export commodities from Kazakhstan to Georgia are:flat-rolled products from clad non-alloy steel, ferroalloys, wheat, shaving products, deodorants, bath compositions, coke and semi-coke, ferrous metal structures, hard coal.

The main import goods to Kazakhstan from Georgia are:mineral waters, natural grape wines, mineral and carbonated waters, with sugar, spirits, fruits, nuts otherwise preserved, vaccines, blood sera, blood.