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Deputy Minister of National Economy R. Dalenov took part in the meeting of the Kazakh-Malaysian Trade and Economic Committee

by May 4, 2017 General

On May 4, 2017, Kuala Lumpur (Malaysia) hosted the 3rd meeting of the Kazakh-Malaysian Joint Trade and Economic Committee. The Kazakh delegation was headed by First Deputy Minister of National Economy R. Dalenov and consisted of representatives of the Ministries of Investments and Developments, Energy, Foreign Affairs, JSC NC KAZAKH INVEST, JSC Damu Entrepreneurship Development Fund, JSC Kazakhstan Public-Private Partnership Center, JSC Astana International Finance Centre Administration.

The meeting discussed issues in the sphere of trade, transport, tourism, information and communication technologies and innovations, investments, development of small and medium-sized businesses, agriculture, Islamic finance, etc.

R. Dalenov, addressing the 3rd meeting of the Committee, noted that Kazakhstan is most interested in the Malaysian experience in the development of small and medium-sized business, trade, and tourism.

R. Dalenov also spoke about the prospects of Kazakhstan joining the global chain of “halal producers, noting Malaysia’s great experience as one of the largest hubs of halal industry in the world.

Kazakhstan has implemented the most effective measures for state support of tourism activities, which in Kazakhstan is defined as one of the priority sectors.

In addition, working groups have been created for cooperation in the following areas:

– halal industry;

– Islamic financing;

– tourism;

– renewable energy;

– oil and gas;

– investment cooperation.

According to the results of 2016, trade turnover between our countries amounted to 82.9 million US dollars.

Total volume of direct foreign investments attracted from Malaysia to Kazakhstan for 11 years (from 2005 to 2016) amounted to 28.2 million US dollars.

The Business Forum “New Business Opportunities in Kazakhstan” was held within the framework of the 3rd meeting on May 3, this year, and a number of meetings were held with representatives of large business of Malaysia.

A Protocol was signed following the 3rd meeting.

Source: Government of the Republic of Kazakhstan