Kazakhstan and Belarus intend to increase the economic cooperation
Kazakhstan and Belarus intend to increase the economic cooperation. The parties are interested in expanding partnerships in manufactory, transport and the space industry. Today Kazakhstan is a key trade partner of Belarus. The volume of commodity circulation between two countries has exceeded US$207 million in the first 5 months of this year. In comparison with the same period of last year, the growth made up 73%. Mostly these indicators were achieved thanks to the successful operation of joint ventures. Today Kazakhstan has more than 250 joint ventures.
BAKHYTZHAN SAGINTAYEV, KAZAKH PRIME MINISTER:
- I see the great potential for further trade and economic cooperation in three main areas, specifically, increased trade, investment cooperation and the development of transport and logistics infrastructure. We are ready to realize each of them.
Experts say, the industrial cooperation is a flagship of Kazakh-Belarusian economic ties. Today Kazakhstan has 8 large joint assembly enterprises of Belarusian machinery and equipment. One of these projects is the Minsk Tractor Plant. The Kazakh farmers estimated the plant’s products as of good quality according to the low cost of service and modern technical characteristics.
ALEKSANDR KAZAKYEVICH, DEPUTY DIRECTOR, MINSK TRACTOR PLANT:
- Our enterprise has been working in Kazakhstan for a long time. Today three entities of our commodity distribution network work here: one is a joint assembly plant with a Kazakh partner and the other two are trading houses which sell equipment assembled in Minsk. We have 55 dealers in Kazakhstan who render timely service.
Representatives of 120 companies took part in the Kazakh-Belarusian forum of entrepreneurs. They presented food, pharmaceutical, and industrial products at the exhibition. According to experts, the forum will serve as a new impetus to economic cooperation between Kazakhstan and Belarus. This year marks 25 years of the establishment of diplomatic relations between the two countries.