XX Kazakhstan-Russia Interregional Cooperation Forum underway in Ufa

XX Kazakhstan-Russia Interregional Cooperation Forum underway in Ufa

The potential for trade and economic cooperation between the regions of Kazakhstan and Russia, as well as opportunities for industrial collaboration, is being discussed at a forum in Ufa. The event has brought together over 400 representatives from government agencies and businesses of both countries.

«There was no platform for interaction between our regions, and regions are integral parts of each country’s economy. This platform is designed to facilitate dialogue between regions. It fosters inter-country partnerships, the signing of partnership agreements, and the development of regional cooperation, particularly in investments. For example, Bashkortostan is starting to invest in the Aktobe region and other regions of Kazakhstan,» said Kazakh Vice Minister of Trade and Integration Kairat Torebayev.

«Our Republic has created a broad range of infrastructure options for attracting investments, including preferential areas, special economic zones, and a variety of state measures, such as tax regimes, to ensure that investments can be made safely and profitably. These measures apply to our foreign partners, including Kazakhstan,» said Radiy Khabirov, Head of the Republic of Bashkortostan.

Domestic entrepreneurs consider the most promising areas of partnership to be mechanical engineering, the chemical industry, construction materials production, light industry, and the agro-industrial complex. Notably, the forum is given special significance at the highest level. The leaders of Kazakhstan and Russia are expected to participate in the event. The parties plan to sign a program for interregional and cross-border cooperation, which includes around 140 initiatives across 12 sectors.