Kazakh-Thai Cooperation Discussed in Astana

Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Nazira Nurbayeva held a meeting with the Thai delegation headed by the Deputy Minister of Foreign Affairs of the Kingdom of Thailand Jakapong Sangmani, El.kz cites MFA.

Thai delegation included more than 10 entrepreneurs covering such sectors as agribusiness, healthcare, education and consulting.

During the negotiations, parties discussed the current state and further development of trade and economic cooperation between the two countries. Members of Thai delegation were presented with Kazakhstan’s investment climate and prospects for trade cooperation.

The parties noted a record increase in mutual trade turnover by 36% in 2023 compared to the same period in 2022 (270.6 million US dollars), which amounted to about 370 million US dollars.

Head of delegations expressed interest in increasing trade, and also agreed on significant potential investment cooperation in agriculture, tourism, medicine, energy and food industry.

The Memorandum on Trade Development was signed between the Trade Policy Development Center Joint Stock Company (QazTrade) and the Trade Council of Thailand following the event.