Kazakhstan aims to enter the world’s top 30 most competitive countries. To achieve this, the country extensively develops its industrial sector. Joint ventures created with foreign partners open new markets and help to implement ambitious projects. Kazakhstan and Russia are planning to launch 27 projects in various sectors of the economy worth about $4 billion. Economy Ministers of the two countries signed a corresponding agreement. According to experts, timplementation of these ideas will increase the volume of mutual trade from 5 to 11%.

 

Kuandyk BISHIMBAYEV, KAZAKH MINISTER OF NATIONAL ECONOMY:

There are 45 projects, the immediate result of which will be seen in 2017. This will ensure trade turnover worth $700 million and will open up new opportunities for further growth in the future. In addition, the plan includes 27 specific investment projects worth $4 billion. This is EuroChem projects, mechanical engineering, metallurgy, agriculture. These are particular agreements the implementation of which is either underway or will begin in 2017.

 

Kazakh companies are developing cooperation with Ukraine. Kazakhstan has agreed to create joint enterprises in development of IT technologies. This was discussed by businessmen of the two countries in Kiev

 

Samat ORDABAYEV, KAZAKH AMBASSADOR TO UKRAINE:

There is still a high need for the Kazakh-Ukrainian cooperation. In general, there is a desire to work jointly, and the first projects in the field of processing of agricultural raw materials and agricultural machinery have been launched. Joint ventures in the field of IT-technologies are being negotiated.

 

Mutual opportunities can strengthen the economies of each country, experts believe.

 

Askar ARYNOV, MANAGING DIRECTOR, KAZNEX INVEST:

We want to encourage Ukrainian industrial companies to create joint enterprises on the territory of Kazakhstan for joint manufacturing and further export of products to third countries. Kazakhstan has created favorable conditions for that such as 10 free trade economic zones with special economic regulations.

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