Kazakhstan Intensifies External Trade with Its Allies

In the period from January to April this year, the turnover between Kazakhstan and the Shanghai Cooperation Organization (SCO) hit the mark of $14.2 billion, the Interfax-Kazakhstan news agency reported.

According to Kazakhstan’s Ministry of Trade and Integration, the external trade turnover with these countries has risen by 11%.

«Kazakhstan is able to increase its export to SCO member states in an amount of two billion dollars more. The country can provide chemical products, food, machinery goods and other products by our manufacturing industry,» said Bakhyt Sultanov, the minister of trade and integration, while giving a speech at the SCO economic forum in Dushanbe, Tajikistan.

Given the big potential of its businesses, Kazakhstan has offered SCO members the ability to expand the list of supplied goods and services; and to intensify the process of digitalization because it is necessary for e-commerce, fulfillment center creation and facilitating local marketplaces to enter partners’ markets. Also, Kazakhstan’s minister came up with an idea to build a foundation to support e-commerce. 

The SCO includes Russia, China, India, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan.