On the platform of the I forum of interregional cooperation between Kazakhstan and Kyrgyzstan signed agreements for about 65 million dollars

In Zhambyl oblast, the I Forum of interregional cooperation between Kazakhstan and Kyrgyzstan began with a Kazakh-Kyrgyz business dialog, where the parties discussed investment and export opportunities of the regions, issues of cooperation in the field of agriculture.

As KairatTorebayev, Vice Minister of Trade and Integration of the Republic of Kazakhstan, noted in his welcoming address to the participants, Kazakhstan and Kyrgyzstan are close brotherly countries, trade and economic partners, on which the development of the entire Central Asian region largely depends.

«We see good dynamics in the development of bilateral trade. For 7 months of 2023 it increased by 12.7% and amounted to 755.4 million dollars. Exports from Kazakhstan to Kyrgyzstan for January-July 2023 increased by 17.5% and amounted to 469.7 million dollars. Imports, in turn, grew by 5.6% and amounted to 285.6 million dollars. Now our countries have an ambitious task - to bring the level of mutual trade to 2 billion dollars», - said the Vice-Minister.

For this purpose, the governments of the two countries are ready to cooperate closely with business representatives, provide the necessary support and platforms for negotiations.

Kairat Torebayev invited Kyrgyz entrepreneurs to open production in Kazakhstan, for which all conditions are created in the regions of the country.

«In addition to special economic zones, all the necessary base and system of preferences have been formed for the realization of export-oriented joint productions on the territory of Kazakhstan. If we talk about the capabilities of the regions, it should be emphasized that each region has its own specializations. And each region provides its own set of preferences», - added the Vice-Minister.

Kanatbek Abdrakhmanov, Deputy Minister of Economy and Commerce of the Kyrgyz Republic, spoke next.

As a result of the business dialog, 12 agreements and contracts were signed between the enterprises of the Republic of Kazakhstan and the Kyrgyz Republic for the amount of about 65 million U.S. dollars.

On the same day, representatives of business circles of the two countries held B2B negotiations at the House of Friendship.

Guests also visited exhibitions of artisans and local producers.

Note that the forum will be held for two days.