Foreign Relations / Economy / Tourism / Kazakhstan

Nazarbayev, Putin to boost tourism, economy, agree to ease border crossing procedures

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10-11-2018, 10:55

At a recent interregional Kazakhstan-Russia forum in Petropavl, Kazakhstan, President of Kazakhstan Nursultan Nazarbayev and President of Russia Vladimir Putin addressed key issues to advance cooperation between the two countries, the Kazakh presidential press service reported.

Nazarbayev, Putin to boost tourism, economy, agree to ease border crossing procedures

Nazarbayev highlighted that Russia is Kazakhstan’s strategic ally and the most important trade and economic partner.

“In eight months of this year, the trade turnover between our countries exceeded $ 11 billion, and by the end of the year it could reach $ 18 billion,” Nazarbayev said during the forum as quoted by the Akorda’s press service.

“It is encouraging that the share of processed goods in mutual trade continues to grow, reaching 82%. Russia is the largest market for Kazakh exports of processed products,” he said.

Kazakhstan president stressed the results of investment cooperation in oil and gas sectors, mining and metallurgical and agro-industrial complex, the chemical industry and other fields.

The President of Kazakhstan revealed a five-year state program for the development of tourism in Kazakhstan, aimed at increasing the incoming flow of tourists and creating more than 60,000 jobs.

The sides also addressed issues of border crossing between the two countries and agreed to facilitate the process in hopes to attract more Russian tourists to famous northern Kazakhstan resorts.

Nazarbayev encouraged to take advantage of the financial hub Astana International Financial Center, recently launched out of the Kazakh capital to attract direct foreign investment.  

As a result, the two sides signed a plan of joint actions of Kazakhstan and Russia for 2019-2021; as well as a program of “interregional and cross-border cooperation”.

The ministries of National Economy of Kazakhstan and the Ministry of Economic Development of Russia also signed an agreement on the “preparation and implementation of the cross-border cooperation program "Kazakhstan-Russia".

The sides also signed several agreements to promote tourism and a protocol on amending the Lease Agreement of the Baikonur complex.

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