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Astana, Kazakhstan • 05 March, 2024 | 10:01

Kazakhstan, Russia Develop 67 Joint Projects worth $14 Billion

Heads of government discuss industrial, trade and education collaboration

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Prime Minister of the Republic of Kazakhstan, Olzhas Bektenov, at the invitation of the Chairman of the Government of the Russian Federation, Mikhail Mishustin, made a working visit to Moscow. During the meeting, the heads of government discussed current trade and economic cooperation and the implementation of agreements concluded between the President of Kazakhstan, Kassym-Jomart Tokayev and Russian President, Vladimir Putin, QazMonitor reports citing the press service of the Prime Minister.

The parties identified joint actions in the fields of trade and investment, industrial cooperation, energy, agriculture, civil aviation, transit and transport cooperation. The sides discussed interaction in the culture and education areas.

Olzhas Bektenov acknowledged the affirmative pace of development of industrial cooperation and trade interaction. Currently, companies of the two countries are implementing 135 projects worth $26.5 billion. Additionally, 67 joint projects worth $14 billion are being developed in key sectors of the economy, including mechanical engineering, metallurgy and the chemical industry. These efforts will create more than 11 thousand jobs.

Relations between our countries are developing fruitfully across the entire spectrum of trade, economic and cultural co-operation. Industrial cooperation is an important area. It has already become a "hallmark" of successful bilateral cooperation. The governments of our countries will make every effort to implement the agreements reached by the leaders of our countries.

Olzhas Bektenov, Prime Minister of the Republic of Kazakhstan

Bektenov emphasized the need to accelerate and synchronize work to modernize checkpoints on the Kazakh–Russian border. As part of the phased work, by the end of 2027, 29 out of 30 checkpoints selected based on the workload considerations will undergo reconstruction. These measures will facilitate transit and increase capacity along the entire length of the common border.

The discussion also addressed expanding the potential of the International North–South Corridor, the development of a transport artery with intensive use of the Kazakhstan–Turkmenistan–Iran railway section.

The Kazakh side also voiced promising directions for deepening agricultural sector cooperation, emphasizing agricultural product processing.

Prime Minister of the Russian Federation Mikhail Mishustin voiced readiness to actively work to implement all decisions and agreements reached at the level of heads of state.

We give priority attention to strengthening relations with Kazakhstan on the principles of mutual respect, trust and strategic partnership. Large-scale projects in industry, energy, medicine, transport infrastructure, and digital technologies are being implemented. I am confident that Russia and Kazakhstan have a huge potential for cooperation in transport and logistics. The most important transit routes in Eurasia pass through the territories of our countries.

Mikhail Mishustin, Chairman of the Government of the Russian Federation
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