The 7th meeting of Kazakhstan-Indian joint working group for trade and economic cooperation took place on September 10 via a videoconferencing, the Trade and Industry Ministry’s press service reported.
The meeting was co-chaired by Trade and Industry Deputy Minister of Kazakhstan Kairat Torebayev and Deputy Trade and Industry Minister of India Bidyut Behari Swain. Extraordinary and Plenipotentiary Ambassadors of Kazakhstan and India, concerned state bodies and organizations of both nations attended it.
Kazakhstan attaches great attention to further development of mutual benefit trade and economic cooperation with India and the working group’s meeting is one of the preparations for the forthcoming visit of President of Kazakhstan to India next year. The meeting debated cooperation in various fields, such as trade, investments, transport, communications, agriculture, etc.
Kazakhstan proposed to carry out joint research on the development of Central Asian transport and transit economic corridor North-South connecting South Asia (Afghanistan, India) with Central Asia and Europe, Ural, Siberia and the Far East to boost industrial cooperation.
In 2019, the commodity turnover between the countries made $1.9 billion, up by 55.8% YoY. Kazakhstan’s exports to India in 2019 grew by 65%, to make $1.6 billion. Import to Kazakhstan increased by 20.1%, to $291.6 million. In January-July, the commodity turnover between the countries rose 2.2-fold, to $2 billion. Exports grew 2.4-fold, to $1.7 billion. (Kazinform/Business World Magazine)
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