«KazakhExport» Export insurance company» joint-stock company Participates in Trade Mission to Bishkek, Kyrgyz Republic
On June 15-17, 2015 the National Agency for Export and Investments “Kaznex Invest” of the Republic of Kazakhstan Ministry of Investments and Development arranged a trade mission to Ashkhabad to give impulse to exports of Kazakh goods and services to foreign markets in joint effort with the Kyrgyz Chamber of Commerce and Industry.
The event was attended by 28 largest Kazakh companies and over 40 companies and representatives of state bodies from Kyrgyz side, willing to find partners for delivering their own projects. Some Kazakh companies has already entered our neighbor’s market with their products, while other participating businessmen received the chance to introduce their products for the first time.
At bilateral meetings, «KazakhExport» Export insurance company» joint-stock companyteam dwelled on the advantages of export credit support provided to consumers of Kazakhstan-made goods. Besides, meetings with representatives of banks such as Kyrgyz Investment and Credit Bank, Optima Bank, Demir Kyrgyz International ank, Halyk Bank Kyrgyzstan and others were arranged to discuss cooperation on trade financing as a part of the State Industry and Innovation Development Program for 2015-2019.
According to statistics, the trade turnover between the two countries was more than USD 1.0 million in 2014. Exports from Kazakhstan to Kyrgyzstan was USD 705 millions, while the import value accounted for USD 351 millions. The relative share of Kazakhstan in total Kyrgyzstan’s turnover continues to be third after Russia and China. Kyrgyzstan supplies Kazakhstan with electrical power, dairy products, vegetables and fruits, live animals, clothing and accessories, etc. Kazakhstan exports to Kyrgyzstan wheat, coal, wheat flour, vegetable oil, inorganic chemicals, mineral commodities and other.
