Government • 03 August, 2018

Kazakh-Afghan relations: Businessmen of the two countries agree on cooperation

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August 3 in Astana, with the support of the Ministry for Investments and Development of Kazakhstan, a visit of a large delegation of Afghan businessmen headed by the Minister of Industry and Commerce of Afghanistan Humayoon Rasaw took place.

The event was attended by more than 40 representatives of business circles of Afghanistan and Kazakhstan, as well as the leadership of Kazakhstan's national companies, such as Kazakh Invest, Kazakh Export, KTZh, Kazgeology and the Foreign Trade Chamber of Kazakhstan.

Within the framework of the visit, Vice Minister for Investments and Development Arystan Kabikenov held a meeting with the Afghan delegation, as well as a number of B2B meetings between representatives of Kazakhstani and Afghan businesses took place.

During the visit, the sides discussed the current state and prospects for the development of Kazakh-Afghan relations in various sectors, including trade and investment, agriculture, land and air transport, as well as geology and mineral resources.

Meetings were also organized at the site of the Foreign Trade Chamber of Kazakhstan with representatives of the small and medium-sized businesses, in such sectors as agriculture, transport and logistics.

It is worth noting that this event aroused interest, both among representatives of state sectors, and in business of the two countries. So, a fruitful discussion of key topics of trade and economic relations took place.

As a result of the event, the heads of delegations signed the Agreed Minutes of the Conference.

Commodity turnover between Kazakhstan and Afghanistan in January-April 2018 amounted to $180.2 million, which is 19.3% higher than for the same period 2017 ($151.1 million).

From 2005 to the first quarter 2018, gross inflow of direct investment from Afghanistan to Kazakhstan amounted to $0.2 million, and the gross outflow of direct investments from Kazakhstan to Afghanistan amounted to $0.3 million. As of June 1, 2018, 272 legal entities, branches and representative offices with Afghan participation were registered in Kazakhstan of which 119 are active.

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