Kazakhstan and Tajikistan expand financial support to boost exports

NUR-SULTAN – Kazakh President of Exports Aslan Kaligazin has signed bilateral agreements with major banks in Tajikistan to foster cooperation and increase exports of non-basic goods from Kazakhstan, the Kazakh National Society of Exports reported. exports on August 17.

In 2021, trade turnover between the two countries reached $1.2 billion. Photo credit: e-cis.info

The National Export Insurance Company has agreed with Amonatbank State Savings Bank and Orienbank of Tajikistan to extend the limits of risk insurance and trade finance banking for importers who buy non-primary products from Kazakh manufacturers. Tajik entrepreneurs who import goods from Kazakhstan will also benefit from concessional financing.

Over the past six years, the insurance company has allocated more than 21 billion tenge ($44 million) to support Kazakh entrepreneurs exporting goods to Tajikistan, as part of a broader effort to support domestic exporters.

Since the beginning of this year, the company has supplied more than 1.8 billion tenge ($3.7 million) to exporters nationwide. Kazakhstan mainly exports helicopters and cars assembled in the country, foodstuffs and metals to Tajikistan.

In 2021, trade turnover between the two countries increased by 46.9% year on year and reached 1.2 billion dollars.

Comments are closed.