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Kazakh-Kygyz trade reaches 700 million dollars in 2011

Last year’s trade between Kazakhstan and Kyrgyzstan reached 700 million dollars

ASTANA, February 21 (Itar-Tass) —— Last year’s trade between Kazakhstan and Kyrgyzstan reached 700 million dollars, sources at the government of Kazakhstan said on Tuesday after a meeting of the two countries’ prime-ministers.

Karim Masimov and Omurbek Babanov first had a one-on-one encounter. Bilateral talks in an enlarged format followed.

“The two sides discussed the current condition and prospects for the development of bilateral relations in the sphere of trade, economic, cultural and humanitarian cooperation,” the Kazakh government said.

At present, Kyrgyzstan has over 400 joint ventures involving Kazakh capital in such sectors of the economy as energy, gas pipelines, industry, building materials production, banking and others.

In Kazakhstan there are over 250 joint businesses with Kyrgyzstan in retail trade, tourism, construction and transport sectors.

It is expected that in the course of his visit to Kazakhstan Babanov will be received by President Nursultan Nazarbayev and hold meetings with officials at a number of ministries and agencies.

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