The Prime Ministers of Russia and Kazakhstan discussed prospects of increasing trade

© RIA to Novoshepelychi in fotoreceptor of the government of the Russian Federation Dmitry Medvedev and the Prime Minister of Kazakhstan Bakytzhan Sagintayev during the meeting. November 1, 2018The Prime Ministers of Russia and Kazakhstan discussed prospects of increasing trade© RIA to Novoshepelychi the image Bank

Prime Minister of Kazakhstan Bakytzhan Sagintayev and Chairman of the government of the Russian Federation Dmitry Medvedev have discussed in Astana the prospects of increasing trade between the countries, said on Thursday the press-service of the head of the Cabinet of Ministers of the Republic.

In the message the press-services is noted that during the meeting they discussed a wide range of issues on further deepening and expansion of trade-economic, investment, integration and interaction, was considered current and future projects in the field of fuel and energy, transport and transit facilities, cooperation in the sphere of high technologies, as well as the Baikonur cosmodrome.

«During the conversation the parties noted the growth of trade turnover between Kazakhstan and Russia. This shows the results of bilateral cooperation since both countries develop their economies and create additional opportunities for a prosperous life of citizens of the two countries. However, the prospects for a further increase in the volume of trade. In this direction indicates the active work of intergovernmental Commission on cooperation», — said the press service.

The report notes that one of the most important directions of bilateral cooperation is transport-transit sphere, which may be one of the most powerful drivers of the two economies. Here, according to the participants, should be created for external partners with modern, reliable, stable, economically viable transport corridor. Pressing issue is the creation of high-speed passenger corridor «Eurasia» in the direction China — Kazakhstan — Europe.

Separate attention during the meeting was paid to cooperation in the framework of the international financial center «Astana», where unprecedented conditions for investors, which has no analogues on the territory of the former Soviet Union. Also Sagintayev paid attention to the privatization program, carried out in Kazakhstan and called upon Russian investors to take an active part in it.

Among the priority directions of strategic partnership between the two countries cooperation in the field of space activities. Questions were raised about the implementation of the concept of further cooperation and long-term development of the town.

The trade turnover between Kazakhstan and Russia, according to the press service, in January-August 2018 was 11.3 billion dollars, which is 8.3% higher than in the same period of the previous year (10.4 billion dollars). In Kazakhstan there are more than 9 thousand active legal entities with Russian participation. Currently, we are working together with the Russian side on a number of investment projects worth about 4 billion dollars in chemical and petrochemical industry, agriculture, engineering, metallurgy, tourism and light industry.