The export value of agricultural products is expected to reach US$4 billion by that time.
This is due to the agreement on product labeling that was signed with the EAEU in 2018.
According to experts, the funds raised were used mainly for the country’s infrastructure projects, financial industry and banking.
This is also will be applied to goods that are transported through customs border by individuals.
Kazakhstan invited businesspeople from Luxembourg and Belgium to take part in the AIFC work.
Analysts said that such opportunity will allow the attraction of significant investments flow in Central Asia region.
German businesspeople are planning to invest US$2.4 billion in Kazakhstan’s economy.
The trade volume between Kazakhstan and South Korea reached a record high of 66 percent.
Meat exports from Kazakhstan to China were temporarily suspended due to the coronavirus outbreak.
According to the Government, the industry makes up 8.2 percent in Kazakhstan’s GDP.
Jewelry manufacturers expect great prospects from the project.
The European Union member countries are willing to invest in the economy of Kazakhstan.
Kazakhstan’s transit opportunities are increasing based on recorded transit figures.
The World Bank experts have announced results of study on Kazakhstan’s economic indicators for 2019.
According to latest data, more than 800 joint ventures operate in the territory of Kazakhstan.
Kazakh farmers will be able to export agricultural products to foreign markets without intermediaries.
Thus, eight domestic enterprises were modernized and put into operation.
Its production capacity is 70 thousand tonnes of manufactured goods per year.
Last year alone, the countries’ trade amounted to US$ 957 million, marking a 14.5 percent growth.
During the first meeting, topics on increasing volumes domestic products and expanding sales markets will be discussed.