Trade between Kazakhstan and Ukraine on the rise

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ASTANA (TCA) — For the first 4 months of this year, trade between Kazakhstan and Ukraine increased by 37.3% compared to the same period in 2016 and amounted to 486.3 million dollars. This was said at the 13th session of the Joint Kazakhstan-Ukraine Intergovernmental Commission on Economic Cooperation held in Astana on June 14-16, the official website of the Prime Minister of Kazakhstan reported.

The meeting was held under the chairmanship of the First Deputy Prime Minister of Kazakhstan Askar Mamin and Vice Prime Minister, Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennadii Zubko.

Governmental delegations of Kazakhstan and Ukraine discussed further development of bilateral trade, economic and investment partnership in the spheres of energy, transport and logistics, agriculture, tourism, and civil aviation.

Mamin stressed the need to intensify economic cooperation. Today, 661 enterprises with Ukrainian participation operate in Kazakhstan.

“For the further development of trade and economic cooperation, it is necessary to increase export-import operations, expand the range of goods and services supplied, and establish direct contacts between businessmen of Kazakhstan and Ukraine,” said the First Deputy Prime Minister of Kazakhstan.

Progressive growth of cargo flows between Kazakhstan and Ukraine indicates the effectiveness of cooperation in the field of transit and logistics. In January-February 2017, the volume of export and import cargo between Kazakhstan and Ukraine amounted to 186.6 thousand tons, which is 15% higher than in 2016. The work on the development of the Corridor of the Trans-Caspian International Transport Route will continue.

Sergey Kwan

TCA