Russia and Kazakhstan agree to implement 27 projects worth over $4 bln

A Joint Action Programme to deepen bilateral trade was signed by the Ministers of economy of the two countries
Russia and Kazakhstan agree to implement 27 projects worth over $4 bln
04 October 11:26 2016 Print This Article

Russia and Kazakhstan agreed to implement 27 joint projects in various spheres of economy worth over USD4 billion. The relevant agreements were adopted at the meeting between Kazakh National Economy Minister Kuandik Bishimbaev and Russian Economic Development Minister Alexei Ulyukayev, the Kazakh ministry said on Tuesday.

The meeting took place in the framework of an inter-regional cooperation forum underway in the Kazakh capital of Astana.

“A list of measures has been drafted for 2016-2017 in order to deepen bilateral trade. The joint action plan sets out 27 projects across a wide range of economic spheres, worth over $4 billion,” the statement released by the National Economy Ministry reads.

According to the ministry “the implementation of the projects will contribute to increase trade turnover with Russia by 5-11 percent.”

At the meeting, Moscow showed interest in participation in the gasification of Kazakh regions and supply of all necessary equipment. Astana, in its turn, said Kazakh companies were interested in participating in Russian ‘importsubstitution’ programmes.

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