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Kazakhstan to build logistics center on border with Kyrgyzstan

Business Materials 28 November 2019 19:14
Kazakhstan to build logistics center on border with Kyrgyzstan

BAKU, Azerbaijan, Nov.28

By Nargiz Sadikhova – Trend:

Kazakhstan and Kyrgyzstan are aiming to increase value of mutual trade turnover to $1 billion, Kazakhstan’s President Kassym Jomart Tokayev said, Trend reports with reference to the press office of Kazakhstan’s president.

He made the statement within the framework of state visit to Kyrgyzstan on November 27, 2019.

As Tokayev noted following negotiations of Kazakh and Kyrgyz delegations, especial attention was given to trade, economic and investment relation between countries.

“Bilateral trade increased by 30 percent from 2015 through 2018 and amounted to $900 million. As a result our country is one of the leading trade partners of Kyrgyzstan, being the third after Russia and China. In turn, Kyrgyzstan is the second trade partner of Kazakhstan in Central Asia,” Tokayev said.

At the same time he highlighted the goal to bring trade turnover to $1 billion. Furthermore, an initiative to create a base for entrepreneurs to establish direct contacts was discussed during the meeting.

“One of the possible options may be to introduce practice of holding interregional forums between Kazakhstan and Kyrgyzstan. The governments were ordered to work this proposal through,” Tokayev said.

He also noted the increasing border cooperation between countries which accounts for 50 percent of mutual trade. According to Tokayev, in order to support and promote Kazakhstan’s export and import operation the proposal to create logistics center for goods clearance and handling was made.

“Implementation of the project will allow to significantly simplify administrative procedures and goods movements on the territory of our countries,” Tokayev said.

Another important topic of negotiations were water and energy issues.

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