Trade turnover between Kazakhstan and Kyrgyzstan in 2018 increased by 10%

Bishkek, Jan. 24, 2019. / Kabar /. Kazakhstan attaches great importance to partnership with Kyrgyzstan, Vice Minister of National Economy of Kazakhstan Aibatyr Zhumagulov told at the economic forum "Business Eurasia. Ways of business development” in Bishkek.

“Given the considerable potential, we believe that it is necessary to step up work in the political, economic and cultural spheres. According to data of Kazakhstan statistics, in 2018, the trade turnover between Kazakhstan and Kyrgyzstan increased by 10%. We believe that this figure should be higher. According to our experts, there is a great opportunity for trading in 20 commodity items,” he said.

Zhumagulov noted that there are unequal investments between Kyrgyzstan and Kazakhstan.

“Since 2005, Kazakhstan has invested $ 700 million in Kyrgyzstan, and from Kyrgyzstan comes a figure of minus $ 100 million. This suggests that we need to develop mutual investments. Kazakhstan today ranks the 28th in Doing Business and the first in protecting minority investments. Therefore, investments that will come on a large scale are protected in every way,” Zhumagulov said.