Kazakhstan and India plan to strengthen cooperation on trade
Kazakhstan and India plan to strengthen cooperation on trade. Last year, the trade value between the countries reached US$1 billion. Both countries agreed to continue to increase the figure following the meeting of Kazakh and India foreign ministers in Astana. Currently, the countries are working together to expand the transport and logistics sector, including developing the potential Kazakhstan-Turkmenistan-Iran railway with access to the Indian Ocean.
KAIRAT ABDRAKHMANOV, KAZAKH FOREIGN MINISTER:
- Our cooperation practically covers cooperation from economic to cultural and humanitarian. I want to highlight the interest that India, which possesses huge potential, has in the activities of Astana International Financial Center, the heritage of Expo 2017, the International Center for Green Technologies and Investment Projects and Astana-based hubs and startups. The bilateral cooperation focuses on these and other projects.
SUSHMA SWARAJ, INDIAN MINISTER OF EXTERNAL AFFAIRS:
- India's relations with Kazakhstan are based on deep historical and cultural ties. Our countries are strategic partners. We discussed the issues of development of the potential in agriculture, food industry, pharmaceutics and energy. We talked about the tourism development, too.
Another important multilateral cooperation project is the negotiations on the free trade zone agreement between Eurasian Economic Union and India.