Kazakhstan and Tajikistan Aim to Boost Trade Turnover to $2 Billion

Dushanbe, The Gulf Observer: Kazakhstan and Tajikistan have announced their intention to increase their bilateral trade turnover to $2 billion in the near future. This development was revealed during the Trade and Investment Forum held in Dushanbe, as part of the state visit of Kazakh President Kassym-Jomart Tokayev to Tajikistan.

The forum, which took place on August 21, focused on enhancing cooperation in the business and investment sectors, with discussions on the establishment of joint ventures between the two nations. The event underscored the importance of deepening economic ties to achieve the ambitious trade target.

First Deputy Prime Minister of Tajikistan, Hokim Kholiqzoda, highlighted the strategic partnership between the two countries, noting that Kazakhstan is a key player in Tajikistan’s foreign trade. In 2023, Kazakhstan accounted for 13.8% of Tajikistan’s foreign trade, making it the country’s fourth-largest trade partner.

Echoing this sentiment, First Deputy Prime Minister of Kazakhstan, Roman Sklyar, emphasized that the forum marked a significant step toward strengthening the trade and economic relationship between Kazakhstan and Tajikistan. He underscored the importance of such forums in facilitating increased collaboration and achieving mutual economic goals.

The forum was held ahead of President Tokayev’s state visit to Tajikistan, scheduled for August 22-23, at the invitation of Tajik President Emomali Rahmon. This visit is expected to further solidify the bilateral relations and support the realization of the $2 billion trade turnover target.