Kazakhstan and Afghanistan businessmen agree on cooperation

ASTANA (TCA) — On August 3 in Astana, with the support of the Ministry for Investments and Development of Kazakhstan, a visit of a large delegation of Afghan businessmen headed by the Minister of Industry and Commerce of Afghanistan Humayoon Rasaw took place, the official website of the Prime Minister of Kazakhstan reported.

The event was attended by more than 40 representatives of business circles of Afghanistan and Kazakhstan, as well as the leadership of Kazakhstan’s national companies, such as Kazakh Invest, Kazakh Export, KTZ, Kazgeology, and the Foreign Trade Chamber of Kazakhstan.

Within the framework of the visit, Vice Minister for Investments and Development Arystan Kabikenov held a meeting with the Afghan delegation, as well as a number of B2B meetings between representatives of Kazakhstani and Afghan businesses took place.

During the visit, the sides discussed the current state and prospects for the development of Kazakh-Afghan relations in various sectors, including trade and investment, agriculture, land and air transport, as well as geology and mineral resources.

Meetings were also organized at the Foreign Trade Chamber of Kazakhstan with representatives of small and medium-sized businesses, in such sectors as agriculture, transport and logistics.

Commodity turnover between Kazakhstan and Afghanistan in January-April 2018 amounted to $180.2 million, which is 19.3% more than for the same period in 2017 ($151.1 million).

From 2005 to the first quarter 2018, gross inflow of direct investment from Afghanistan to Kazakhstan amounted to $0.2 million, and the gross outflow of direct investments from Kazakhstan to Afghanistan amounted to $0.3 million. As of June 1, 2018, 272 legal entities, branches and representative offices with Afghan participation were registered in Kazakhstan.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
divider
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

View more articles fromTCA