✔️The President shared his thoughts on a number of topical areas of bilateral and multilateral cooperation between the region and Russia. He focused on the development of trade and industrial relations as the first priority.

– At the first summit, we agreed to work towards creating a new model of economic cooperation. The Joint Action Plan to be adopted today includes more than 50 measures. This is a very valuable document. Therefore, it is necessary to make every effort to implement it in a timely manner. The trade volume of the Central Asian countries with Russia accounts for one third of the total trade turnover. According to the results of last year, this figure increased by 20 percent and exceeded $50 billion. More than half of this volume belongs to trade between Kazakhstan and Russia. Last year, its volume reached $28 billion. Russia has become one of the largest investors in the Kazakh economy. The investment volume exceeded $26 billion. Last year alone, the flow of direct investment from Russia increased by 33 percent and increased by more than $4 billion. This was made possible by the rapid development of industrial cooperation. 114 investment projects worth a total of $21 billion have been implemented. Currently, work is underway on 33 projects. The investment volume is more than $4.5 billion, - said the Head of State.

✔️According to Kassym-Jomart Tokayev, the parties support the elimination of trade barriers, the revitalization of mutual trade, and the expansion of the nomenclature of commodity turnover.

– The creation of a border trade zone, regular holding of border regional forums, business forums, exhibitions and fairs, and the development of an electronic trading platform will contribute to solving these problems. Currently, joint trade and industrial zones and industrial hubs are beginning to form in Central Asia. These platforms will create conditions for the localization of production, cooperation along the entire value chain, and ensuring stable transportation. The participation of Russian business in these projects will contribute to the long-term circulation of Russian goods in our, including Kazakhstani, markets, – said the President.