Kazakh-Tajik business forum results in $13M in signed contracts

July 18. Central Asia Newswire

Kazakh-Tajik business forum results in $13M in signed contractsThe Kazakh-Tajik investment forum held last month in the Tajik capital Dushanbe has resulted in $13 million worth of contracts, sponsoring institution KazNex Invest reported on Monday.

The forum, held from June 27 to June 30, brought together representatives from 18 Kazakh companies and 60 trading-purchasing companies from both Tajikistan and Afghanistan.

“Tajikistan is of great interest to local (Kazakh) producers,” KazNex Invest Department of Export Promotion Askar Aryn said in the KazNex report. KazNex is a state-operated organization that promotes non-commodity Kazakh exports.

“They are ready not just to export their products, and create in this market representation and production. The largest representative of the electrical industry in Kazakhstan, the company Alageum Electric, declared its intention to open a representative office in Tajikistan.”

Kazakh companies will export a variety of products – including transformers, batteries, paper products, corrugated packaging, pharmaceuticals and poultry – to Tajikistan as a result of the trade deals signed in June.

Last year’s bilateral business forum netted $7 million in total contracts, KazNex Invest said. Bilateral trade between the two Central Asian states is now $1.2 billion, and mostly includes Kazakh exports to Tajikistan.