FOREIGN TRADE TURNOVER BETWEEN KAZAKHSTAN AND GEORGIA INCREASED BY 39.1%
10.04.2025 16:50:03 187The Kazakh side was led by the Minister of Investments and Development of the Republic of Kazakhstan Zhenis Kasymbek, the Georgian side was led by the Minister of Economy and Sustainable Development of Georgia Giorgi Gakharia.
The parties noted that the Intergovernmental Commission was a forum for discussing and solving pressing issues of bilateral cooperation. The agreements reached are clearly reflected in intergovernmental documents and joint activities.
At the meeting of the intergovernmental council, issues of bilateral cooperation in trade, investment, agriculture, transport, communication, information technology and innovation, science, tourism, healthcare, electronic industry and other areas were discussed. According to the results of the 7th month of 2017, the foreign trade turnover between Kazakhstan and Georgia increased by 39.1% compared to the corresponding period of 2016, and amounted to 32.4 million. amounted to US dollars.
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In 7 months of 2017, the trade turnover increased by 39.1% to 32.4 million. amounted to US dollars.
Export- 19.3 million 90% (10.6 million dollars). Imports – 13.1 million dollars. dollars, down by 1.5% (13.3 million dollars). As of September 1, 2017, there were 221 legal cases involving Georgians in Kazakhstan. person, branches and representative offices are registered. 114 of them are working. Between 2005 and September 1, 2017, the flow of direct investment from Georgia to Kazakhstan was 39 million. The reverse investment amounted to 344.4 million US dollars. amounted to US dollars.
The parties noted that there are opportunities to further intensify the current trade and economic cooperation between the two countries.
The Minister of Investments and Development of the Republic of Kazakhstan Zh. Kasymbek said that efforts should be made to promote mutual exports and expand the export-import register. For example, in the years of independence, new industries appeared in Kazakhstan, existing factories were modernized. We produce new products that meet international quality standards and are successfully exported to far and near foreign countries.
The Kazakh side is interested in organizing the supply of electric locomotives, buses and other utility vehicles, as well as processed agro-industrial complex products, metallurgical industry and construction materials, and other products. opening a representative office of the company, providing long-term trade financing under the program of the joint-stock company "KazakhExport" Export Insurance Company" were discussed.
Another important area of bilateral cooperation is the problem of strengthening the transit and transport potential.
In general, an increase in the volume of cargo flows in the export-import direction is observed. In this regard, measures are being taken to increase the volume of transit transport.
In 2016-2017, pilot container trains "Nomad Express" and China-Kazakhstan-Azerbaijan-Georgia-Turkey (Lianyungan (PRC)-Dostyk-Aktau-Baku port (Alyat)) will be launched within the framework of the International Trans-Caspian Transport Route (CTKB). (Azerbaijan)-Batumi/Poti (Georgia)-Istanbul (Turkey) Container services for the regular shipment of various cargoes along the HTKB have been launched.
Considerable work has been done to optimize costs and conditions for cargo transportation with containers, as well as to increase the attractiveness and client orientation of transport services in the HTTB routes from Eastern Europe, the Baltic coast and Ukraine.
Parties agreed to hold the next intergovernmental meeting in Astana in 2018.
The final protocol of the intergovernmental meeting was signed by the Minister of Investments and Development of the Republic of Kazakhstan Zhenis Kasymbek and the Minister of Economy and Sustainable Development of Georgia Giorgi Gakharia.
Source : https://www.gov.kz/memleket/entities/mps/press/news/details/27158?lang=kk