Kazakhstan and Iran continue strengthening cooperation

Kazakhstan and Iran continue strengthening cooperation

Kazakhstan and Iran continue strengthening cooperation. Experts highlighted that the two countries have a well-established dialogue and mutual understanding in all cooperation aspects. The parties attach great importance to enhancing trade and economic partnership. The Kazakh and Iranian officials identified several priority areas of cooperation which includes the use and development of transit and logistics capacities and cooperation in the agricultural and industrial sectors. According to financial analysts, Kazakhstan earned US$ 112 million in the Iranian market over the past six months. For comparison, Astana exported US$ 170 million worth of products to Tehran in 2017. The economic growth is significant. The largest sales items include oilseeds and processed products, as well as leguminous and forage crops.

AMIR ABEDI, CHAIRMAN, IRANIAN-KAZAKH CHAMBER OF COMMERCE:

- The Kazakh-Iranian cooperation gained momentum in recent years. Our cooperation will continue strengthening. Kazakh President Nursultan Nazarbayev’s recent state visit to Tehran demonstrates that our cooperation is improving even more. Iran is also determined to boost our cooperation. There are Iran-invested projects being implemented in Kazakhstan at the moment.

Experts believe that the Free Trade Zone agreement between Iran and the Eurasian Economic Union will increase the export volumes. Today, Iran’s market capacity is over US$ 8 billion. The agreement will allow Kazakhstan to increase exports by 30 times. As part of the Eurasian Economic Union, Astana will export confectionery, meat, legumes, as well as capacitors, batteries and fittings to the Iranian markets.