Kazakhstan’s Deputy Prime Minister Serik Zhumangarin has announced that Astana intends to significantly increase its trade with Afghanistan through Turkmenistan. The current trade volume of $1 billion is expected to reach $3 billion within a year.
Kabul 24: “We are working on building an alternative route to increase trade with Afghanistan through Turkmenistan. It is hoped that this route will increase Kazakhstan’s trade with Afghanistan from one billion dollars to three billion dollars per year,” said Zhumangarin.
The Deputy Prime Minister also mentioned that Kazakhstan plans to boost its export of flour and wheat to Afghanistan.
Kazakhstan and Turkmenistan Reach Agreement with Islamic Emirate
Recently, Kazakhstan and Turkmenistan reached an agreement with the Islamic Emirate to establish a large logistics center in Herat province, Afghanistan. The center will have a storage capacity of 100 million tons of oil.
Economic Experts Believe in the Potential of Afghanistan’s Trade and Transit
A number of economic experts believe that increasing Afghanistan’s trade and transit with regional countries can have a direct positive impact on the country’s economic growth.
“Kazakhstan is one of the countries rich in natural resources and still relies more on agriculture. Therefore, if Afghanistan has good relations with Kazakhstan, it can make use of that country’s experiences in mining and mechanization of agriculture,” said an economic expert.
Kazakhstan Removes Islamic Emirate from Terrorist List
Kazakhstan has taken a significant step this week by removing the Islamic Emirate from its list of terrorist organizations. This move is expected to pave the way for deeper political, economic, and commercial relations between the two countries
