Kazakhstan may open a trade mission in Iran

ASTANA (TCA) — The Ministry of Investment and Development in conjunction with the Ministry of Foreign Affairs and the National Chamber of Entrepreneurs of Kazakhstan are considering the opening of a trade mission of Kazakhstan in Iran, Chairman of Industrial Development and Industrial Safety Committee at the Ministry of Investment and Development, Amaniyaz Yerzhanov, told a media briefing in Astana on February 12, the official website of the Prime Minister of Kazakhstan reported.  

According to Yerzhanov, in the course of the Kazakh-Iranian business forum which was held in Tehran last week, the sides agreed on the export of transformers to Iran for $2 million in 2016.

The forum resulted in the agreement on construction of a transformer oil plant in Kazakhstan’s Shymkent jointly with the Iranian company Niroo Transfo.

An agreement on the export of Kazakhstan’s meat was signed between Kazakhstan’s Meat Processing Service and Iran’s LLP Mohammed Haligri for the amount of $30 million.

Kazakhstan’s Topan and Iran’s Electro Kavir agreed to open a joint venture for the supply of Kazakhstan’s oil equipment to Iran.

Kazakhstan’s Led System Media agreed on the supply of an experimental batch of LED products to Iran.

National railway company Kazakhstan Temir Zholy reached agreements with the Iranian Railways and Raja Rail Transportation to supply Kazakh wagons, locomotives and diesel engines to Iran.

According to Yerzhanov, during the talks the Iranian side offered to supply their products to the market of Kazakhstan, such as food, household appliances, building materials and textile products.

According to Kazakhstan’s Ministry of Investment and Development, in 2015 trade between Kazakhstan and Iran amounted to about $650 million, including $570 million of Kazakhstan’s export.

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Times of Central Asia