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Astana, Kazakhstan • 15 May, 2024 | 14:44

Kazakhstan Plans to Establish Border Hub with Kyrgyz Republic

The countries plan to ramp up the bilateral trade turnover to $3 billion

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Freepik/jcomp
Freepik/jcomp

On May 15, deputies of the Lower House of Parliament ratified the agreement with the Kyrgyz Republic on establishing a trade and logistics center near the mutual border in the Zhambyl region, QazMonitor reports.

Agreement: During the Lower House’s plenary meeting, Vice Minister of Trade and Integration Kairat Torebayev disclosed plans to increase trade turnover between Kazakhstan and the Kyrgyz Republic to $3 billion by 2030, per the agreement signed on June 9 last year. The planned trade and logistics center will be located near the Karasu (Kazakhstan) and Ak-Tilek (Kyrgyz Republic) border checkpoints, helping to ease the burden on their current facilities.

  • The center will comprise production facilities, storage warehouses, and transportation and logistics infrastructure.

  • Private investors will handle the construction, but the specific investor hasn't been identified yet, so selections will be conducted.

The center’s establishment will include creating conditions to facilitate the implementation of projects such as the production of dairy, meat, berries, vegetables, textiles, and pharmaceuticals. Additionally, creating the center aims to develop trade and logistics infrastructure with the Kyrgyz Republic. Korday, the primary checkpoint on the Kazakh-Kyrgyz border, is currently operating beyond its capacity. Launching the center will significantly alleviate its workload.

said Torebayev.
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