Kazakhstan and Tajikistan are strengthening their economic ties, with both countries aiming to boost trade to $2 billion.
Kazakhstan and Tajikistan are strengthening their economic ties, with trade between the two nations increasing by 7.4% last year, reaching $1.2 billion. Both countries aim to double this figure to $2 billion, focusing on key sectors such as agriculture, transit, digitalization, and energy cooperation.
During an official visit to Astana, Tajik Foreign Minister Sirojiddin Muhriddin met with Kazakh President Kassym-Jomart Tokayev, who underscored the strong and growing ties between the two countries. Tokayev highlighted their strategic partnership and noted that there are no unresolved issues between Kazakhstan and Tajikistan. The discussions focused on implementing previous agreements and exploring future cooperation in key areas such as trade, regional security, water and energy management, and economic development in Central Asia.
Muhriddin also held talks with Kazakhstan's Deputy Prime Minister and Foreign Minister, Murat Nurtleu, to discuss a wide range of bilateral matters, including political, economic, transport, and cultural issues.
Agriculture, which constitutes over 40% of the trade between the two nations, was identified as a key growth sector. Kazakhstan expressed its readiness to expand exports of wheat, flour, and confectionery products to Tajikistan under favorable terms.
In a significant development, the two countries reached an agreement to sign a deal in the electric power sector. This deal will outline the terms for supplying electricity from Tajikistan’s Rogun Hydropower Plant to Kazakhstan. It was previously reported that Tajik electricity would be supplied only during planned shortages, and Kazakhstan will receive electricity at least until 2044.
Kazakhstan remains one of Tajikistan’s top three trading partners. Last year, during a meeting between the two countries' leaders in Dushanbe, they signed a treaty establishing allied relations, marking a new milestone in their bilateral ties.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for May 9th , covering the latest developments you need to know.
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