Kazakhstan-Kyrgyzstan trade turnover approaches $1bn


June 22, 2009

Trade turnover between Kazakhstan and Kyrgyzstan is expected to reach $1bn in the near future, Kazakhstans Ambassador to Kyrgyzstan Bakyt Ospanov has said.

Relations between Kazakhstan and Kyrgyzstan are developing positively, in the spirit of strategic equal partnership, Ospanov told a meeting of the Interparliamentary Commission on cooperation between the Parliaments of Kazakhstan and Kyrgyzstan, Kabar reports. Over 400 joint ventures with the Kazakh capital are working in Kyrgyzstan now. The banking system of Kyrgyzstan is represented by five affiliates of banks of our country. 60% of credits were allocated by the Kazakh banks last year.