Businessmen of Kazakhstan and Tajikistan signed export contracts worth $1.8 billion

39 commercial contracts and agreements worth over $1.8 billion were signed at the Kazakh-Tajik Business Forum. These are export contracts for the supply of ferroalloys, wheat, alumina, petroleum coke, sunflower oil, equipment for the development of the mining industry, JAC cars and other products.

The business event was attended by more than 200 companies, representatives of the public and quasi-public sectors of the two countries.
According to Deputy Prime Minister - Minister of Trade and Integration of the Republic of Kazakhstan Serik Zhumangarin, 418 joint ventures with Tajikistan operate in Kazakhstan today. Since 2005, our country has invested about $ 132 million in the economy of the fraternal republic, the inflow of Tajik investments amounted to about $ 21 million.

Kazakhstani enterprises have gained positive experience of export supplies to Tajikistan. Thus, in 2017-2018, 147 JAC cars were delivered to Tajikistan. At the end of 2021, a contract was signed for the supply of 175 more JAC cars manufactured by SaryarkaAvtoProm LLP, of which 50 cars were sent to Tajikistan last year. Today, JAC S3 urban crossovers of domestic assembly form the taxi company of the city of Dushanbe. In addition, Kazakhstan exports alumina and wheat to Tajikistan on a regular basis.
The participants of the event noted the high potential of cooperation in the field of agriculture and industry, as well as the need to develop cooperative projects. At the business forum, the parties presented their investment opportunities.

"Kazakhstan has the potential to increase exports to Tajikistan by 60 commodity items totaling $140 million. These are processed products, including sunflower oil and flour. Service providers are showing great interest in the Tajik market, including remote sensing of the Earth and satellite communications services for agriculture, IT," Serik Zhumangarin said.

Within the framework of the forum, the opening of the 3rd meeting of the Kazakh-Tajik Business Council was held, where issues of conducting foreign trade activities were discussed.

The event was organized by the Ministry of Trade and Integration of the Republic of Kazakhstan with the support of QazTrade, the Foreign Trade Chamber of Kazakhstan in cooperation with the State Committee for Investment and State Property Management and the Chamber of Commerce and Industry of Tajikistan.