Kazakhstan and Russia discuss issues of trade and economic cooperation
Kazakhstan after the completion of the Western Europe - Western China International Transit Corridor will be able to better realise its transit potential, Kazakhstan’s First Deputy Prime Minister and Minister of Finance Alikhan Smailov said on 16 October.
“Over the past years, we have been working to complete the large-scale road corridor project, Western Europe – Western China. I am sure that with the completion of work, Kazakhstan and Russia will be able to fully realize the transit potential,” Smailov told the 21st meeting of the Intergovernmental Commission on Cooperation between Kazakhstan and Russia.
Russia’s First Deputy Prime Minister and Minister of Finance Anton Siluanov took part in the event.
The parties discussed a wide range of issues of trade and economic cooperation. Russia is the main trading partner of Kazakhstan – 19.5% in the foreign trade turnover of Kazakhstan.
In 2018, the volume of mutual trade between Kazakhstan and the Russia amounted to $18.5 billion, which is 13.1% higher than in 2017 ($16.4 billion). According to the results of 8 months of this year, the volume of mutual trade between the two countries increased by 0.8% and amounted to $12.2 billion (8 months of 2018 – $12.1 billion).
The next 22nd meeting of the Intergovernmental Commission will be held in 2020 in Russia.
Russia’s First Deputy Prime Minister and Minister of Finance Anton Siluanov took part in the event.
The parties discussed a wide range of issues of trade and economic cooperation. Russia is the main trading partner of Kazakhstan – 19.5% in the foreign trade turnover of Kazakhstan.
In 2018, the volume of mutual trade between Kazakhstan and the Russia amounted to $18.5 billion, which is 13.1% higher than in 2017 ($16.4 billion). According to the results of 8 months of this year, the volume of mutual trade between the two countries increased by 0.8% and amounted to $12.2 billion (8 months of 2018 – $12.1 billion).
The next 22nd meeting of the Intergovernmental Commission will be held in 2020 in Russia.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
