Kazakhstan invested over $1.3bln in Kyrgyzstan's economy

Kazakhstan and Kyrgyzstan agreed to continue to promote further expansion of inter-parliamentary and inter-governmental relations, according to Kazinform.

The sides also emphasized the importance of expanding economic cooperation. This was stated at a meeting of the two countries’ foreign ministers – Murat Nurtleu and Jeenbek Kulubaev – in Astana

The foreign ministers reviewed in detail the implementation of the agreements reached during the 6th Supreme Interstate Council of the Republic of Kazakhstan and the Kyrgyz Republic, held in Astana on April 19, 2024.

It was noted thgat Kazakhstan is among the three major trade partners of Kyrgyzstan. Thanks to the measures taken, in recent years the bilateral trade turnover has steadily exceeded $1.5 billion. In the context of implementation of the agreements reached at the highest level, the ministers agreed to promote the increase of mutual trade up to $3 billion. In this context, they noted the importance of launching the Industrial Trade and Logistics Complex on the Kazakh-Kyrgyz border, expanding the nomenclature of bilateral trade turnover, holding regular business forums and trade missions, as well as further developing interregional ties.

Particular attention was paid to the creation of favorable conditions for the two countries’ business communities.

Kazakhstan has invested more than 1.3 billion dollars in the Kyrgyz economy.

The ministers noted the significant potential for cooperation in the spheres of energy, transportation, logistics, including the prospects for the implementation of joint projects. They expressed readiness to promote the development of fruitful cooperation in these areas.

reprinted from https://azertag.az/