Kazakhstan and Kyrgyzstan have agreed to simplify trade procedures

During a working trip to the Kyrgyz Republic, Deputy Prime Minister - Minister of Trade and Integration of the Republic of Kazakhstan Serik Zhumangarin met with First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Adylbek Kasymaliev.

The Vice premiers of the two countries got acquainted with the progress of the implementation of the Industrial Trade and Logistics Complex in the area of the Karasu and Ak-Tilek road checkpoints.

Also during the trip, the Minister of Trade and Integration of Kazakhstan took part in the second meeting of the working group on Kazakh-Kyrgyz trade and economic cooperation.

Serik Zhumangarin noted that the Kyrgyz Republic is one of the key trade and economic partners of Kazakhstan in the Central Asian region.

"According to Kazakh statistics, the trade turnover between the Kyrgyz Republic and the Republic of Kazakhstan in January-June 2022 amounted to $495.7 million, which is 5.7% higher than in the same period of the previous year, including exports – $303.3 million, imports – $192.3 million," Serik Zhumangarin said.

In order to increase mutual trade, the parties agreed to supply early fruit and vegetable products from Kyrgyzstan to the Republic of Kazakhstan within the framework of the memorandum of understanding signed during the meeting between the Ministry of Trade and Integration of the Republic of Kazakhstan and the Ministry of Agriculture of the Kyrgyz Republic on the intentions of organizing the supply of fruit and vegetable products.

Also, within the framework of the signed memorandum "On cooperation between the Ministry of Trade and Integration of the Republic of Kazakhstan and the Ministry of Economy and Commerce of the Kyrgyz Republic", the parties agreed to simplify trade procedures, reduce business costs and intend to develop cooperation in the mutual exchange of electronic documents.