The trade turnover between Kazakhstan and Lithuania increased by 28.7 in 2022%

On October 10, 2023, the meeting was held between the Vice-Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebayev and the Vice-Minister of Foreign Affairs of the Republic of Lithuania Jovita Neliupsiene.

The parties discussed the current state and possibilities of trade and economic cooperation.

Vice-Minister K. Torebayev noted that the trade turnover between Kazakhstan and Lithuania in 2022 increased by 28.7% and amounted to $584.3 million, and informed about the potential to increase the export of 70 items of Kazakh products to Lithuania with a total amount of $350.5 million.

In turn, the Vice-Minister of Lithuania shared with readiness to cooperate to improve trade indicators and also informed about the import and export potential of Lithuania.

The parties also noted the role of the Kazakh-Lithuanian Intergovernmental Commission on Trade and Economic Cooperation in strengthening bilateral cooperation in various sectors of the economy.

At the end, the parties agreed to further cooperate for the development of trade and economic relations.