The Ministry of trade is considering the possibility of increasing trade between Kazakhstan and Ukraine

On August 18, this year, under the co-chairmanship of Vice-Minister of trade and integration of the Republic of Kazakhstan, K. Torebayev and Deputy Minister of economic development, trade and agriculture of Ukraine T. Kachka, as well as with the participation of interested state bodies and organizations of the two countries, held the 2nd meeting of the Working group on increasing trade between the Republic of Kazakhstan and Ukraine.

During the 2nd meeting of the Working group, the Parties heard information about the implementation of the first operational conclusions, and also discussed and agreed on the operational conclusions of the 2nd meeting, which reflect the key measures, the implementation of which should have a positive impact on increasing the volume of mutual trade.

In addition, the Parties discussed in detail the impact of the COVID-19 pandemic on bilateral trade in goods and possible ways to enhance trade and economic cooperation, as well as discussed prospects for cooperation in the field of industry and agriculture, the development of transit transport of goods using the TRANS-Caspian international transport route and the use of trade protection tools in bilateral trade.

At the end of 2019, the mutual volume of trade between the countries decreased by 7.4% and amounted to 1.3 b. USD.

For the six months of 2020, mutual trade between Kazakhstan and Ukraine amounted to 398 million USD, which is 36.7% lower than in the same period of the previous year (629.1 million USD). At the same time, there is a decrease in the volume of exports from Kazakhstan to Ukraine by 51.2%, amounting to 225.3 million USD, and an increase in imports from Ukraine by 3.3% (172.7 million USD).

Today, Kazakhstan can increase the supply of processed goods to the Ukrainian market, which includes 70 products of the metallurgical, petrochemical, food, chemical, engineering industries, as well as construction materials for a total of
349.5 million USD. This list will be sent to the Ukrainian side through diplomatic channels.

On August 18, this year, under the co-chairmanship of Vice-Minister of trade and integration of the Republic of Kazakhstan, K. Torebayev and Deputy Minister of economic development, trade and agriculture of Ukraine T. Kachka, as well as with the participation of interested state bodies and organizations of the two countries, held the 2nd meeting of the Working group on increasing trade between the Republic of Kazakhstan and Ukraine.

During the 2nd meeting of the Working group, the Parties heard information about the implementation of the first operational conclusions, and also discussed and agreed on the operational conclusions of the 2nd meeting, which reflect the key measures, the implementation of which should have a positive impact on increasing the volume of mutual trade.

In addition, the Parties discussed in detail the impact of the COVID-19 pandemic on bilateral trade in goods and possible ways to enhance trade and economic cooperation, as well as discussed prospects for cooperation in the field of industry and agriculture, the development of transit transport of goods using the TRANS-Caspian international transport route and the use of trade protection tools in bilateral trade.

At the end of 2019, the mutual volume of trade between the countries decreased by 7.4% and amounted to 1.3 b. USD.

For the six months of 2020, mutual trade between Kazakhstan and Ukraine amounted to 398 million USD, which is 36.7% lower than in the same period of the previous year (629.1 million USD). At the same time, there is a decrease in the volume of exports from Kazakhstan to Ukraine by 51.2%, amounting to 225.3 million USD, and an increase in imports from Ukraine by 3.3% (172.7 million USD).

Today, Kazakhstan can increase the supply of processed goods to the Ukrainian market, which includes 70 products of the metallurgical, petrochemical, food, chemical, engineering industries, as well as construction materials for a total of
349.5 million USD. This list will be sent to the Ukrainian side through diplomatic channels.