On September 4 in Astana, Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov and Chairman of the Investment Committee of the Foreign Ministry of Kazakhstan Gabidulla Ospankulov held a meeting with Chairman of the State Great Khural of Mongolia Dashzegvi Amarbaysgalan and members of the Mongolian parliamentary and business delegation.
The parties discussed the current state and prospects of bilateral cooperation in the investment and trade-economic spheres. Special attention was given to the exchange of experience in attracting investments and creating favorable conditions for the implementation of joint projects.
Kazakhstan and Mongolia emphasized their interest in developing joint initiatives in trade, transport and logistics infrastructure, industry, and agriculture. Opportunities for production localization, forming new cooperation chains, and expanding collaboration in digitalization were also considered.
“Today’s meeting is an important step in deepening economic and investment cooperation between Kazakhstan and Mongolia. We see significant potential for expanding partnership in non-resource sectors of the economy and are ready to provide full support to investors. At the same time, several Kazakh companies are also showing interest in entering the Mongolian market by launching production and organizing trade,” noted Deputy Minister Kuantyrov.
“Our Heads of State have set an ambitious goal to bring bilateral trade turnover to 500 million US dollars. Mongolia, in turn, aims to actively attract investors from Kazakhstan, as our countries have complementary opportunities for successful joint projects in agriculture, trade, and industry,” emphasized Chairman Amarbaysgalan.
Trade turnover between the two countries demonstrates stable growth, reaching 123.9 million US dollars in 2024.
