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Trade turnover btwn Kazakhstan and Ukraine increased

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During the 13th session of the Joint Kazakhstan-Ukraine Intergovernmental Commission on Economic Cooperation in Astana, the governmental delegations of Kazakhstan and Ukraine discussed further development of the bilateral trade, economic and investment partnership of two countries in the fields of economy, energy, transport and logistics, agribusiness, tourism, civil aviation.

For the first 4 months of this year, the growth of mutual trade between countries increased by 37.3% compared to the same period in 2016 and amounted to 486.3 million dollars. In this connection, First Deputy Prime Minister of Kazakhstan A. Mamin stressed the need to intensify economic cooperation. Today 661 enterprises with Ukrainian participation operate in Kazakhstan.

“For the further development of trade and economic cooperation, it is necessary to increase export-import operations, expand the range of goods and services supplied, and establish direct contacts between businessmen of Kazakhstan and Ukraine”, the First Deputy Prime Minister of Kazakhstan said.

Progressive growth of cargo flows between Kazakhstan and Ukraine indicates the effectiveness of cooperation in the field of transit and logistics. In January-February 2017, the volume of export and import cargo between Kazakhstan and Ukraine amounted to 186.6 thousand tons, which is 15% higher than in 2016. The work on the development of the Corridor of the Trans-Caspian International Transport Route will continue.

Following the results of the work of the Interstate Commission for Economic Cooperation, A. Mamin and G. Zubko signed the relevant protocol.

Source: Kazakhstan 2050

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