Kazakhstan Ready To Increase Exports To Kyrgyzstan

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, April 9. Kazakhstan isready to increase exports of 195 commodity items worth $260 millionto Kyrgyzstan, Trend reports.

This topic was discussed during the meeting of the PrimeMinister of Kazakhstan Olzhas Bektenov with the Chairman of theCabinet of Ministers, Head of the Presidential Administration ofKyrgyzstan Akylbek Japarov.

The parties also discussed joint measures to increase bilateraltrade turnover to $2 billion. Bektenov and Japarov paid attentionto specific projects aimed at strengthening trade and economiccooperation between the two countries.

It was noted that there is broad potential for expandingcooperation in the food, industrial, petrochemical, construction,pharmaceutical, and other industries. This is also facilitated bythe planned plans to create an industrial trade and logisticscomplex on the common border. The parties noted that the launch ofthis project will have a multiplier effect and give additionalimpetus to trade, economic, and investment cooperation.

Along with this, the parties noted the dynamic work to increasethe capacity of the Kazakh-Kyrgyz border as well as theattractiveness of transit for cargo carriers. In accordance withthe concept for the development of the transport and logisticspotential of the Republic of Kazakhstan until 2030, theconstruction and reconstruction of checkpoints Karasu, Besagash,Aukhatty, Sartobe, Aisha Bibi, Sypatai Batyr, and Kegen areenvisaged.

Meanwhile, trade turnover between Kyrgyzstan and Kazakhstanamounted to $1.317 billion in 2023. The trade increased by 11.6percent compared to $1.181 billion in 2022.

Kyrgyzstan's exports to Kazakhstan during last year reached$455.702 million, increasing by 10.9 percent compared to $410.888million in 2022.

Moreover, Kyrgyzstan's imports from Kazakhstan in 2023 totaled$862.182 million, which is an 11.9 percent increase compared to the2022 figures ($770.215 million).


Trend News Agency

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