Kazakhstan enhances trade cooperation in eastern direction

Kazakhstan enhances trade cooperation in eastern direction

Kazakhstan and Iran are set to elevate their mutual trade to $3 billion, planning to take 30 measures, particularly focusing on projects in the agriculture, transport and logistics, and oil and gas sectors. The draft document outlining this expanded cooperation is currently under consideration by Iran. According to the Prime Minister’s press service, Kazakhstan is ready to enhance collaboration with countries that open new markets for Kazakh-made products and provide opportunities for creating modern production facilities. The government highlights interaction with China in this regard. Companies and major global leaders in metal processing, e-commerce, construction, and the production of new materials and technologies are eager to cooperate, as well as exchange experience, technologies and scientific developments. Meanwhile, the Kazakh government is working on a collaboration algorithm with Chinese business giants alongside with a roadmap on promising joint investment projects.