Kazakhstan invests over $1.3 billion in Kyrgyz economy

Kazakhstan invests over $1.3 billion in Kyrgyz economy

Kazakhstan and the Kyrgyz Republic are enhancing their trade and economic cooperation, as reflected in recent figures. According to the Kazakh Ministry of Foreign Affairs, the bilateral trade turnover has consistently exceeded $1.5 billion in recent years; nevertheless, both countries aim to bring this figure to $3 billion. In this regard, the states are set to launch an Industrial Trade and Logistics Complex on the Kazakh-Kyrgyz border. Additionally, they are focused on diversifying bilateral trade. Plans include regularly organizing business forums and trade missions, as well as further developing interregional connections. Notably, Kazakhstan is currently one of the three largest trading partners of the Kyrgyz Republic, having invested over $1.3 billion in its economy.