Kazakhstan, Georgia increase trade and economic cooperation

Kazakhstan, Georgia increase trade and economic cooperation

Kazakhstan and Georgia plan to expand mutual trade. Kazakh Prime Minister Olzhas Bektenov met with his Georgian counterpart, Irakli Kobakhidze, in Astana, where they highlighted the potential of the Trans-Caspian International Transport Route for strengthening cooperation. Last year, the volume of transportation along this corridor between the two countries grew 62% to 4.5 million tons. Work is currently underway to enhance infrastructure, expand port and terminal capacity, remove administrative barriers, and create favorable conditions for carriers. As a result, the Middle Corridor’s capacity is expected to reach 10 million tons annually by 2027. Kazakh companies are also contributing to capacity expansion in Georgia, with a new multimodal terminal set to open in the Georgian port of Poti this year.

«President of Kazakhstan Kassym-Jomart Tokayev attaches great importance on fostering mutually beneficial bilateral cooperation. The strengthening of our relations is facilitated by an active dialogue at various levels,» Bektenov said.

«It’s my first official visit to Kazakhstan. Of course, we are highly interested to further keep this very strong cooperation and communication and coordination between our two countries. That’s a political cooperation, economic cooperation, cultural cooperation, etc. But again, always, there is a huge space for further deepening cooperation and friendship, for further strengthening the ties, and we are just highly interested to promote all the different dimensions of the partnership,» Kobakhidze noted.

Kazakhstan exports agricultural and metallurgical products, as well as oil, to Georgia. Recently, 35 products worth $66 million were added to this list. Agricultural trade remains a promising area, with bilateral trade in this sector exceeding $71 million. Kazakh businesses have the potential to boost exports of flour, grain, vegetable oils, pasta, dairy, and confectionery products to the Georgian market.