• KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%

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Kazakhstan and South Korea: “A Golden Bridge of Friendship”

The President of Kazakhstan, Kassym-Jomart Tokayev, held talks with the President of South Korea, Yoon Suk Yeol. According to Tokayev, Seoul is one of Astana’s most important strategic partners in the Asia-Pacific region. Korea ranks fourth in foreign trade turnover, and is among Kazakhstan’s top ten largest foreign investors. South Korea has become a true economic and technological locomotive on a global scale, Tokayev stated. World-renowned Korean corporations seriously support promoting the country’s position in the international arena as a “key global state.” Kazakhstan and Korea have achieved a high level of political dialog, establishing fruitful economic cooperation and strong humanitarian ties. The two countries interact in various spheres, including inter-parliamentary, inter-governmental, and inter-departmental contacts. According to Tokayev, regular contact between businessmen of the two countries plays a very important role in building close ties. More than 700 companies with South Korean capital successfully operate in Kazakhstan. “The 120,000 ethnic Koreans in Kazakhstan fulfill an important role and make an invaluable contribution to strengthening our relations. In turn, more than a thousand Kazakh students studying in Korea are a ‘golden bridge of friendship’ between our countries,” Tokayev stated. During the talks, the presidents discussed prospects for bilateral cooperation in energy, infrastructure and industry, engineering, trade, transport and logistics, digitization and the aerospace industry, the financial sector, education, healthcare and pharmaceuticals, tourism and culture, ecology, and other fields.

Kazakhstan and Armenia Negotiate on Trade and Transport Cooperation

Following negotiations on 15 April in Yerevan, with Armenian Prime Minister Nikol Pashinyan, Kazakh President Kassym-Jomart Tokayev stated that with regard to furthering cooperation, the countries enjoy “unshakable friendship and mutual support.” With reference to developing a more comprehensive partnership, he cited their common goals as expanding and activating bilateral ties, and strengthening regional and international security. Negotiations also focused on enhancing cooperation in economic and investment and the Kazakh president reported, “We - both agreed - that it is necessary to look for new directions that will give impetus to the growth of trade turnover. Kazakhstan is ready to increase its exports to Armenia to $350 million.” Tokayev stressed that development of the transport and logistics sector is key to strengthening Kazakh-Armenian cooperation and hailed Armenia’s readiness to restore transit communications in the South Caucasus under the ‘Crossroads of Peace’ initiative. Aimed at developing communications between Armenia, Turkey, Azerbaijan, and Iran, the Armenian-proposed initiative includes renovating, building, and operating roads, railways, pipelines, cables, and electricity lines. In addition, the Kazakh president welcomed proposals for the operation of direct flights between the countries’ capitals and other cities. Pashinyan likewise emphasized the significant headway made during the negotiations, saying, “We have identified further prospects for strengthening our cooperation, including - transport and logistics. We agree that despite the constant growth in trade turnover, there is still unrealized potential for the development of trade and economic cooperation.”

Kazakhstan and Uzbekistan Set to Increase Trade

On March 15th, Kazakh Prime Minister Olzhas Bektenov and Uzbek President Shavkat Mirziyoyev and Prime Minister Abdulla Aripov met in Uzbekistan to discuss the expansion of Uzbek-Kazakh cooperation to increase the volume of mutual trade. The key sectors in the strategic partnership include industry, transport, and logistics and last year, trade turnover between Kazakhstan and Uzbekistan amounted to $4.5 billion. Negotiations with the Prime Minister of Uzbekistan Abdulla Aripov focused on measures to increase trade, investment, water, energy, transit, transport, and cultural cooperation, as well as strengthening interaction in the field of agriculture. The Kazakh prime minister placed emphasis on the need to increase the region's potential regarding transit and transport as well as the use of water. He also announced Kazakhstan’s readiness to expand export to Uzbekistan through the addition of 255 commodities in the amount of almost $500 million. Both parties noted significant progress in the industrial sector which has led to the implementation of 60 projects worth $2.6 billion and the creation of over 13,000 jobs.