CIS heads of government council in Astana

Nov 5, 2018 9:33 am

CIS is composed of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Uzbekistan.

 

The heads of government of the Commonwealth of Independent States (CIS) discussed 15 agenda items during a scheduled council meeting in the Kazakh capital.

For more than a quarter of a century, the CIS has served as a full-fledged organisation that allowed preserving historical ties between  peoples and helped strengthen the sovereignty of each country. Mutual trade within the CIS continues to grow: last year, turnover amounted to $164 billion, an increase of 25 percent. A similar trend continues this year.

“The integration of technology parks and the implementation of joint innovation projects will provide a major synergetic effect for the creation of high-tech production in the commonwealth”, said Kazakh President Nursultan Nazarbayev.

Last year, Kazakhstan’s trade with CIS countries grew by almost 25 percent, reaching $22 billion. In the first half of 2018, the figure increased by 10.6 percent to $13.6 billion (compared to $12.3 billion in the same period of 2017). From January-July, exports from Kazakhstan to CIS countries grew by 16.9 percent ($5.3 billion).

The delegations highlighted the importance of the CIS Concept of Cooperation in developing and producing high-tech energy equipment. They believe it allows for expanding and modernising production facilities and creating new high-performance jobs, as well as increasing research potential and, in general, strengthening development of the energy sector, engineering and industry.

 

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