ASTANA, Kazakhstan, January 30. Kazakhstan and Kyrgyzstan discussed investment cooperation with a focus on creating joint ventures in the industrial sector, Trend reports.
Kazakhstan’s Prime Minister Olzhas Bektenov held talks with the Chairman of the Cabinet of Ministers – Head of the Administration of the President of the Kyrgyz Republic, Adylbek Kasymaliev, who arrived in Almaty to participate in the Eurasian Intergovernmental Council. They discussed issues of trade and economic cooperation, collaboration in the fields of water, transport logistics, energy, culture, humanitarian affairs, tourism, and more.
A key aspect of bilateral cooperation is investment interaction, with an emphasis on creating joint ventures in the industrial sector. Several promising joint projects are being developed in this direction, which could significantly strengthen industrial cooperation. One such project is the construction of a ferroalloy plant in the city of Tash-Kumyr, the opening of which will be an important signal for large businesses in both countries.
The parties also considered cooperation in the water-energy sector. It was noted that thanks to joint measures, the irrigation season of 2024 passed without losses. Special attention was given to ensuring a safe inter-vegetative period in the basins of the Shu and Talas rivers in the current year.
Following the talks, the Prime Minister of Kazakhstan and the Chairman of the Cabinet of Ministers of Kyrgyzstan confirmed their readiness to expand trade and economic cooperation.
In general, the trade turnover of industrial goods between the countries in the first 11 months of 2024 amounted to $985.5 million, which is 3.9 percent higher than in 2023. Meanwhile, exports from Kazakhstan grew by 13.5 percent.
