ASTANA, Kazakhstan, October 29. Last year, the trade turnover between Kazakhstan and Mongolia reached $150 million, with plans to increase this figure to $500 million in the near future, Trend reports.
This announcement was made by Kazakhstan's President Kasym-Jomart Tokayev during an official visit to the capital of Mongolia, where he held talks with Mongolian President Ukhnaagiin Khurelsukh.
President Tokayev noted that agreements have been reached to deepen trade and economic ties, as well as cultural and humanitarian cooperation, emphasizing that Mongolia is an important neighbor in the region.
"We share long-standing friendly relations, a common history, and spiritual and cultural values. It is symbolically significant for both peoples that our discussions coincide with the 800th anniversary of Ulus Dzhuchi, a key milestone in Kazakhstan's history. In recent years, Kazakh-Mongolian relations have developed dynamically," Tokayev stated.
He added that both Kazakhstan and Mongolia are among the largest countries in Asia, and thus mutual trade should reflect that scale. Delegations from the two countries discussed prospects for joint initiatives in agriculture, industry, transportation, logistics, and energy.
In response, President Khurelsukh highlighted the strong historical, cultural, and spiritual ties between the Mongolian and Kazakh peoples.
"We reviewed our achievements over the past 30 years and engaged in a productive exchange of views on enriching our cooperation and expanding it across all areas moving forward. We jointly identified prospects, priorities, and roadmaps for our interaction," he remarked.