Kazakh Russia trade turnover to grow up to 40 percent

According to Yakovlev, Russia ranks first in trade turnover with Kazakhstan. Russia’s share in the trade turnover is 20 percent.

“Today, Kazakhstan occupies the second place in the trade turnover of Russia among the CIS (Commonwealth of Independent States) countries and among the countries of the world it is in the top ten,” he noted.

Investment cooperation today is also dynamically developing, stressed the Russian trade representative.

“The Russian Federation invests more than $1 billion annually in Kazakhstan’s economy, and we are pleased that in 2016 Russia invested more than $1 billion in the Kazakh economy, and Kazakhstan invested about $700 million in the Russian Federation and the growth was 70 percent,” Yakovlev informed.

http://astanatimes.com/2017/09/kazakh-russian-trade-turnover-to-grow-up-to-40-percent-this-year-says-russian-trade-representative/