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AIFC to support promotion of Kazakhstan-made products in foreign markets

Business Materials 30 August 2021 17:08 (UTC +04:00)
AIFC to support promotion of Kazakhstan-made products in foreign markets

BAKU, Azerbaijan, August 30

By Nargiz Sadikhova - Trend:

Astana International Financial Center (AIFC) will cooperate with QazTrade, which is a Kazakh operator of state support for exporters, to promote domestic products in foreign markets, Trend reports citing AIFC.

The corresponding Memorandum of Understanding signed by the parties includes cooperation in a wide range of areas: foreign economic activity, e-commerce, exchange trading, access to international electronic platforms.

Thus, one of the areas of cooperation will be the development of joint initiatives to develop e-commerce and cashless economy in Kazakhstan. In particular, QazTrade will provide consulting and analytical support for the marketplace products and residents of the Accelerator Program Fintech Hub. Particular attention is paid to the development of the AIFC commodity exchange.

QazTrade and Astana International Trade Center also consider the possibility of synchronizing work on collecting data on trade in goods and their supply chains, as well as other information and analytical work as part of the development of a commodity exchange in the AIFC.

QazTrade will also assist the Center in establishing contacts with exporters and importers. One of the areas of cooperation will be interaction on the development of cross-border trade.

Another area of cooperation will be the promotion of products of participants in acceleration programs in foreign markets, including through the opening of joint representative offices and trading houses abroad. China is considered a priority market.

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Follow the author on Twitter: @nargiz_sadikh

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