Kazakhstan PM meets with Indian FM in Astana

ASTANA (TCA) — On August 3 in Astana, Kazakhstan’s Prime Minister Bakytzhan Sagintayev met with the Minister of Foreign Affairs of India, Mrs. Sushma Swaraj, the official website of the Prime Minister of Kazakhstan reported.

At the meeting, the sides discussed issues of strengthening and further expansion of bilateral relations in trade and economic, defense-industrial, space, transport and logistics spheres. The parties expressed interest in intensifying mutually beneficial cooperation in the agricultural sector, pharmaceuticals, IT industry, investment and technology transfer. Also, the issues of participation of leading Indian financial and investment companies in the work of the Astana International Financial Center were discussed.

Kazakhstan is India’s largest trade and investment partner in Central Asia.

Commodity turnover between Kazakhstan and India for January-April 2018 amounted to $250.3 million, which is 31.2% higher than for the same period in 2017 ($190.7 million).

Exports from Kazakhstan to India in January-April 2018 increased by 37% and amounted to $174.2 million. The main export commodities from Kazakhstan to India are crude oil, silver, asbestos, hydrogen, inert gases and other non-metals, ferroalloys, tantalum and its products.

Imports to Kazakhstan from India in January-April increased by 19.8% and amounted to $76.1 million. These are mainly industrial furnaces, equipment for sorting and grinding soil, refractory ceramic products, machines and mechanisms for soil works, sulfur-organic compounds and other goods.

Sergey Kwan

TCA