On the sidelines of the business forum of Kazakhstan and Kyrgyzstan, held on April 17, 2024 in Astana, business circles of the two countries signed commercial documents in which they consolidated their intentions to implement projects in the construction of solar power plants, a ferroalloy plant, a distribution center in the territory of the Kyrgyz Republic, supplies of agricultural products and others, totaling $300 million.

The opening of the event was attended by Deputy Prime Ministers of Kazakhstan and Kyrgyzstan Serik Zhumangarin and Adylbek Kasymaliev. The forum was attended by companies engaged in the fields of mechanical engineering, industry, metallurgy, construction, logistics, agriculture, pharmaceuticals, investment, and services. The business forum was organized by the Ministry of Trade and Integration of the Republic of Kazakhstan and JSC “Center for Trade Policy Development “QazTrade”.

At the end of 2023, trade turnover between Kazakhstan and Kyrgyzstan increased by 26% compared to the previous year, reaching $1.6 billion. The share of Kazakhstani exports is almost 69%, or $1.1 billion (an increase of 35.8%). Imports – 495.2 million US dollars (an increase of 9%).

gov.kz

translated by Qazalem