Kazakhstan negotiating free trade zone agreement with 5 states
Baku, Azerbaijan, Feb. 8
By Rashid Shirinov – Trend:
Kazakhstan is negotiating a free trade zone agreement with five countries, Trend reports via Kazakh media.
These are Egypt, Israel, India, Serbia and Singapore, Kazakh National Economy Minister Timur Suleimenov said in the parliament.
"Kazakhstan's participation in the EEU creates favorable conditions for access of Kazakh producers to foreign markets. This is being done through preferential trade agreements with third countries. In 2015, we signed an agreement on a free trade zone with Vietnam, and in 2018 with Iran, which opened preferential access for our products to the market with a population of about 180 million people," he said.
The minister added that today negotiations are underway to conclude similar agreements with Egypt, Israel, India, Serbia and Singapore.
"Such agreements will also allow not only improving the conditions for access of domestic goods to the markets of these countries, but also significantly simplifying the applied trade procedures, increasing transparency and interaction in all areas of trade cooperation," Suleimenov said.
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