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Putin and Atambayev to discuss trade cooperation at SCO summit

September 12, 2013, 16:03 UTC+3

The leaders of the two states are expected to focus on bilateral trade and economic cooperation

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MOSCOW, September 12 (Itar-Tass) - Russian President Vladimir Putin will meet with President of Kyrgyzstan Almazbek Atambayev during the Shanghai Cooperation Organisation (SCO) summit, which will take place in Bishkek on Friday, RF presidential aide Yuri Ushakov told reporters on Thursday.

According to him, their conversation would continue the Russian-Kyrgyz dialogue on deepening cooperation in various spheres.

The leaders of the two states are expected to focus on bilateral trade and economic cooperation. Russia is Kyrgyzstan’s leading trade partner. Russia’s main exports to the republic are petroleum products (55 percent) food, machinery, equipment, etc. The key import items from Kyrgyzstan are textiles, vegetables and fruits.

The two countries’ economic cooperation agenda includes the joint construction of the Kambarata hydropower plant and Verkhnenarynsky HPP cascade. The implementation of these two projects, in which Russia has attracted about 3 billion US dollars, will allow Kyrgyzstan to more than double electricity export.

The two stated also have a significant investment cooperation potential in the oil and gas industry, mining industry, as well as in the processing of agricultural products.

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