TODAY.AZ / Business

Kazakh Ministry: Kazakh, Azerbaijani companies are key participants in Trans-Caspian corridor

23 May 2019 [09:50] - TODAY.AZ

By Azernews


By Abdul Kerimkhanov

In recent years, Kazakhstan and Tajikistan have been experiencing increase in mutual relations, which is reflected in the growing indicators of trade turnover.

Kazakhstan Export Insurance Company KazakhExport has opened its representative office in Dushanbe, Tajikistan.

At the opening ceremony, Ruslan Iskakov, Chairman of KazakhExport Management Board, mentioned that the task of the KazakhExport representative office in Tajikistan is to establish contacts with the business community, to inform entrepreneurs and financial institutions about KazakhExport tools.

He believes that this will greatly facilitate the work between entrepreneurs of Kazakhstan and Tajikistan, and, accordingly, increase the turnover.

In turn, Jamshed Jumhonzoda, Head of KazakhExport Representative Office, considers the opening of the office to be an important event, taking into account the tasks set for the company by the Kazakh government to increase trade with Tajikistan.

The parties reached agreements on the support of Kazakh exporters by Tajik banks at the office presentation. In paricular, KazakhExport has signed agreements on cooperation in the field of insurance and financing of Kazakh producers exporting from Kazakhstan to Tajikistan, with Orienbank JSC, Bank Eskhata CJSC and International Bank Tajikistan CJSC.

KazakhExport provided support for the supply of metal products, cars and buses, oil and fat products, confectionery to the Tajik market.

For instance, Tajikistan is constructing the Rogun HPP from Kazakh fittings supplied through KazakhExport. The memorandum on the supply of fittings to Tajikistan with the use of KazakhExport financial and insurance instruments was signed in 2018.

Kazakhstan is one of the main trading partners of Tajikistan, second only to Russia in this direction.

Diplomatic relations between Kazakhstan and Tajikistan were established on January 7, 1993.

The trade turnover between Kazakhstan and Tajikistan totalled $836 million in 2018, according to official statistics of Tajikistan, In particular, Tajikistan's exports to Kazakhstan amounted to about $300 million, and imports of Kazakh products were worth more than $536 million.

Today, over 80 joint ventures with Kazakh investors are operating in Tajikistan.

The two countries closely coordinate their foreign policy efforts on a multilateral basis, in the framework of international and regional organizations such as the UN, OSCE, CIS, CSTO, SCO.

URL: http://www.today.az/news/business/182814.html

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