Kazakhstan and Belarus to increase trade up to $1 billion by 2020

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ASTANA (TCA) — The 13th meeting of the Kazakhstan-Belarus Intergovernmental Commission for Trade and Economic Cooperation took place on September 22 in the Kazakh city of Karaganda, the official website of the Prime Minister of Kazakhstan reported.

The meeting discussed the issues of bilateral cooperation in the spheres of trade, investment, industrial cooperation, agriculture, science and technology, transport and logistics.

First Deputy Prime Minister of Kazakhstan Askar Mamin, who is the co-chairman of the Commission from Kazakhstan, noted the success of relations between Kazakhstan and Belarus at all levels of interstate relations, including the participation in such integration association as the Eurasian Economic Union.

The sides noted the growing trade turnover between Kazakhstan and Belarus for the first seven months of this year. Bilateral trade in January-July 2017 amounted to $313.7 million, increasing by 75.6% compared to the same period last year.

“The trade turnover between our countries should be brought up to 1 billion US dollars by 2020,” Mamin said.

Mamin said that Kazakhstan and Belarus have great opportunities for successful implementation of joint projects in industrial cooperation, transport and logistics sector, space industry, agro-industrial complex, cultural, humanitarian and scientific-technical sphere.

The parties considered the possibility of creating a joint working group for the development of promising areas of cooperation, implementation of joint projects in the field of livestock and crop development, land reclamation and irrigation.

It is planned to sign an agreement on the creation of the Kazakhstan-Belarus Business Council between the Foreign Trade Chamber of Kazakhstan and the Chamber of Commerce and Industry of Belarus in November this year.

Sergey Kwan

TCA