Turkey continues investing in Kazakhstan

Commodity turnover between the two countries has steadily grown

According to the press service of the prime minister of Kazakhstan, the commodity turnover between Kazakhstan and Turkey surged by 33% and reached $4.1 billion last year.

These financial results have been discussed today at the 12th meeting of the joint Kazakhstan-Turkish Intergovernmental Commission on Economic Cooperation attended by Prime Minister Alikhan Smailov of Kazakhstan and Vice President Fuat Oktay of Turkey.

Smailov noted that the partnership between Turkey and Kazakhstan is strategic. In 2021, Kazakhstan’s exports to Turkey surged by 39% and reached $3 billion while imports from Turkey increased by 20.5% to $1.1 billion.

Moreover, Turkish business is involved in a range of investment projects in Kazakhstan worth $5.5 billion in total. At the meeting, the two sides have discussed cooperation in the transportation area, in the sphere of industry, tourism, geology, health care and agricultural complex. They have also expressed their intentions to increase the frequency of regular flights between the countries and expand flight destinations.

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