Kyrgyzstan, Kazakhstan set to increase trade to $3 bln by 2030

BISHKEK. Oct 30 (Interfax) - Kyrgyzstan and Kazakhstan intend to increase bilateral trade to $3 billion by 2030, the Kyrgyz government's press service said in a statement on Friday after a meeting between Kyrgyz Prime Minister Adylbek Kasymaliyev and Kazakh Prime Minister Olzhas Bektenov.

The two countries' strategic partnership and alliance is consistently strengthening thanks to the political will and invariable support from their heads of state, Kasymaliyev said. An agreement signed in 2024 to deepen and expand alliance has opened new horizons for interacting in all key areas.

"Our heads of state set a clear goal: to increase bilateral trade to $3 billion by 2030. In this context, we attach particular importance to the second inter-regional forum, which is turning into an important mechanism of boosting our bilateral cooperation. Kyrgyzstan's Naryn, Issyk-Kul and Jalal-Abad regions are today signing agreements with Kazakhstan's Almaty, Zhetysu, East Kazakhstan, Turkistan, Karaganda and Kyzylorda regions. We suggest we pay particular attention to widening the nomenclature of bilateral trade, developing our transport and logistics infrastructure and creating favorable conditions for direct cooperation," Kasymaliyev said.

The two countries' governments are facing the tasks of translating the high level of interstate relationship into tangible results at a regional level, ensuring the implementation of joint investment initiatives, developing production cooperation, expanding bilateral trade and creating new jobs, he said.

"It is our regions that should become a key driving force of the further enhancement of Kyrgyz-Kazakh cooperation. I hope the agreements reached at the forum will get a practical continuation and materialize in stable partnerships and long-term contracts," Kasymaliyev said.