News ID: 233295
Published: 0328 GMT October 24, 2018

Kazakhstan, Iran set to increase economic cooperation

Kazakhstan, Iran set to increase economic cooperation

Representatives of Kazakhstan and Iran signed two memorandums of understanding and cooperation at a business forum held in Aktau.

The Iranian delegation, headed by Manaf Hashemi, the governor general of the northern province of Golestan, arrived in the Mangystau region for talks on cooperation in various economic fields, azernews.az reported.

The Iranian delegation, which included representatives of the Chamber of Commerce and businessmen was received by Governor of Mangystau Region Yeraly Tugzhanov.

Positive dynamics of economic relations between the border regions of Iran and Kazakhstan have been noticeable. So, only in the first half of 2018, the total turnover between Mangystau region and Iran amounted to $27.2 million.

Mangystau region supplies grains and cereals, tobacco products, building materials and other goods to Iran. The basis of supplies from Iran are vegetables, fruits, trees and sports equipment.

The Iranian and Kazakh sides held a number of meetings on agriculture, animal husbandry and poultry farming, the food industry, engineering, construction, wheat, grain crops, oilseeds, machinery, woodworking, packaging, mining, pharmaceuticals, chemical industry, natural and medical tourism.

The forum also discussed cooperation in the fields of railway, air and road transport, launching the Gorgan-Aktau flight, inaugurating trading houses in Mangystau and Golestan, setting up a free economic zone in Inchebourne and facilitating visa issuance between the province of Golestan and Mangystau region.

Trade between Kazakhstan and Iran in January-May 2018 amounted to $251.4 million, which is 41.7 percent more than the figure for the same period of 2017 which was $177.4 million.

Exports from Kazakhstan to Iran increased by 36.1 percent to $207.2 million in January-May.

   
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