Kazakh companies sign several export contracts in Kyrgyzstan

BAKU, Azerbaijan, April 28. The Kazakh Trade and Economic Mission (TEM) in Kyrgyzstan’s capital Bishkek have completed its work, Trend reports via the Ministry of Trade and Integration of Kazakhstan.

According to the ministry, the mission was attended by 20 Kazakh companies producing goods and services in the food industry, metallurgy, logistics, mechanical engineering, pharmaceuticals, and the chemical industry.

More than 100 companies of importers and manufacturers of Kyrgyzstan took part in the Kazakh-Kyrgyz business forum, TEM and B2B negotiations.

Kazakhstan is one of the three main trade and economic partners of Kyrgyzstan. The trade turnover between the countries in 2021 amounted to $970.8 million, which is 14.4 percent more than in 2020 ($848.6 million).

Export from Kazakhstan to Kyrgyzstan in 2021 increased by 7.6 percent and amounted to $625.2 million.

The exports to Kyrgyzstan grew to an increase in the supply of such goods as gold, mineral and carbonated water, coal, medicines and cars. The main export commodities also included natural gas, rolled metal products, tobacco products, cement, and building materials.

The potential for increasing the export of Kazakh processed products (mainly food, chemical, engineering, pharmaceutical, and metallurgical products) to Kyrgyzstan is more than $100 million.

Speaking within the TEM, Deputy Minister of Trade and Integration of Kazakhstan Kairat Torebayev said that 247 joint ventures with the participation of Kyrgyz capital (mainly enterprises engaged in wholesale and retail trade, construction, car sales, agriculture, and light industry) have been registered in the country.

“In Kyrgyzstan, there have been registered 334 joint ventures with the participation of Kazakh capital, engaged in financial activities, food production, trade, car repairs, transport, and communications, and construction spheres,” Torebayev noted. “The volume of direct Kazakh investments in Kyrgyzstan has already exceeded $1 billion.”

Following negotiations between Kazakh and Kyrgyz businesses within the TEM, six export contracts for the supply of salt, flour and pasta, beer and soft drinks, confectionery, and dairy products from Kazakhstan to Kyrgyzstan in the total amount of $17.5 million were signed.

Kazakh business entities will continue trade negotiations with potential Kyrgyz partners after the completion of the TEM.

List of companies that participated in the Trade and Economic Mission of Kazakhstan in Kyrgyzstan: