Kazakhstan and Spain strengthen trade and economic cooperation
On May 30, 2023, the 10th meeting of the Kazakh-Spanish Intergovernmental Joint Commission on Cooperation in the field of Economy and Industry was held in Astana.
During the meeting, the Parties discussed a wide range of issues in the field of trade and economic cooperation, agriculture, renewable energy, education, infrastructure and aviation, urban development, digitalization, etc, El.kz cites Ministry of Trade and Integration.
The Co-chairman of the Intergovernmental Commission from the Kazakh side is Vice-Minister of Trade and Integration of Kazakhstan Kairat Torebayev, from the Spanish side - Secretary of State for Trade of Spain Xiana Margarida Mendez Bertolo.
Kairat Torebayev said that the trade turnover between Kazakhstan and Spain in 2022 increased by 41,7% and reached $ 2.6 billion. He also stressed the need for joint efforts to further increase the volume of bilateral trade and maintain its positive dynamics.
«Kazakhstan has sufficient potential to intensify foreign trade operations, including by creating conditions for direct contacts between economic entities of the two countries, more active participation in mutual investment projects, and expanding the range of goods. According to our calculations, in the future, Kazakh companies can additionally supply 90 processed goods to the Spanish market, these are products of the metallurgical, petrochemical, food, chemical, machine-building industries, as well as construction goods worth $660.1 million», - said Vice Minister of Trade and Integration of Kazakhstan Kairat Torebayev.
Upon completion of the work of the Intergovernmental Commission, the Parties expressed satisfaction with its results and signed the Protocol. The next 11th meeting is scheduled to be held in Madrid.