Kazakh enterprises can increase exports by $228.9 million

Today, on April 12, 2022, Vice Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebayev met with the Ambassador of the Republic of Belarus to Kazakhstan Pavel Yutupin.

During the meeting, the sides noted a 15.7% increase in trade turnover by the end of 2021 (from $742.2 million to $858.7 million). Exports from Kazakhstan to the Republic of Belarus increased by 26.3% and amounted to $97.6 million (2020 - $77.3 million). Imports to Kazakhstan from the Republic of Belarus increased by 14.5% and amounted to $761.1 million (2020 - $664.9 million)

Kairat Torebayev stressed the need to maintain a positive trend in trade turnover this year, despite the ongoing geopolitical situation.

The Kazakh side informed about sending the Belarusian side a list of 100 Kazakhstani non-primary export goods for which Kazakh enterprises can increase exports by $228.9 million.

The parties discussed the implementation of the Action Program (Roadmap) between the Government of the Republic of Kazakhstan and the Government of the Republic of Belarus on the development of trade and economic cooperation for 2021-2022 and agreed to start work on the development of a Roadmap for the next period.

It is noted that in general, within the framework of trade and economic cooperation, the emphasis is traditionally placed on industrial cooperation.

"One of the key areas of industrial cooperation is mechanical engineering. Taking into account the available opportunities, Kazakhstan is interested in maximum localization of production," Kairat Torebayev said.
To date, 7 projects have been implemented jointly with the Belarusian side, on which work is carried out as planned. The total amount of projects is 44.5 billion tenge ($102.1 million) with the creation of 1.6 thousand jobs.

In preparation for the next meeting of the IGC , which is scheduled for June 2022, the Belarusian side noted the need to organize meetings on transport, industry and agriculture.