Economy, Domestic Economy

Iran-Kazakh Trade Ties

Iran-Kazakh Trade TiesIran-Kazakh Trade Ties

Iran and Kazakhstan are to start the construction of a glass manufacturing company in October. The decision to run the factory was made in Astana during President Hassan Rouhani’s visit to Kazakhstan earlier this month. Iran’s Kaveh Glass Industry Group is cooperating with the Investment Fund of Kazakhstan, JSC, to run the factory in the southern Kazakh city of Kyzylorda. The factory is scheduled to start manufacturing in the third quarter of 2017 and will create 300 new jobs. On September 10, the presidents of Iran and Kazakhstan announced they were resolved to raise trade balance from five times that of the present.