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Nursultan Nazarbayev: “A close neighbor is said to be better than a distant relative, so we are neighbors, we are relatives”

by November 9, 2018 Fun

KAZAKHSTAN.STSK – During the Interregional Forum of the Russian Federation and the Republic of Kazakhstan in Petropavlovsk, the President of Kazakhstan, Nursultan Nazarbayev, said that the cross-border forum had proved to be an effective interstate platform and became an important institution of economic interaction between the two countries,

“This format has become a model in the post-Soviet space. Within the framework of the forums we have adopted over 200 contracts and agreements. The implementation of the documents gives a significant impetus not only to the regions, but also to sectors of the economy both in Russia and Kazakhstan. I think our other partners they adopt our experience, “said Nursultan Nazarbayev.

The President of Kazakhstan drew attention to a clear line of cooperation between Kazakhstan and Russia, built in all areas of the economy.

“In the eight months of this year, the trade turnover exceeded $ 11 billion, by the end of the year it could reach $ 18 billion. The task is to reach $ 20 billion not far away. Russia is the largest market for Kazakhstani exports of processed products. Over the years of independence, direct investments from Russia to Kazakhstan amounted to about $ 14 billion, from Kazakhstan to Russia – about $ 4 billion, “said Nursultan Nazarbayev.

The President of Kazakhstan over the past period has implemented more than 60 large local investment projects worth $ 10 billion. 57 more are underway.

The warm welcome provided to the Russians is not accidental. According to the President of Kazakhstan, these are the closest partners, associates and close neighbors. A close neighbor is said to be better than a distant relative, so we are neighbors, we are relatives, added Nursultan Nazarbayev.

Source: Ministry of Information and Communications of the Republic of Kazakhstan