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Domestic Economy

Kazakh Business Delegation to Visit Iran

A business delegation from Kazakhstan is scheduled to visit Iran Chamber of Commerce, Industries, Mines and Agriculture on June 19.

The visit will coincide with the visit of Kazakhstan’s President Kassym-Jomart Tokayev to Iran.

The 40-strong business delegation will be headed by Kazakhstan’s Deputy Prime Minister and Minister of Trade and Integration Bakhyt Sultanov, the news portal of ICCIMA reported.

The Iranian ministers of industries and agriculture, and the head of the Trade Promotion Organization of Iran, will meet with the delegation at the Iran Chamber of Commerce.

According to Director General of Central Asia, Caucasia and Russia Bureau of the Trade Promotion Organization of Iran Rahmatollah Khormali, Iranian and Kazakh businesspeople and traders will negotiate ways of expanding bilateral economic ties. The delegation is also scheduled to visit pharmaceutical and knowledge-based companies, as well as home appliance production lines.

“The two sides will also be surveying the list of commodities their respective countries demand and negotiations will be held to supply them using Iranian and Kazakh market capacities,” he added. 

Kazakhstan mainly imports fruits, vegetables, nuts and dried fruits, mineral materials and products, ceramics, glassware, home appliances and kitchenware, plastic pipes and products, marble, cosmetics products, saffron, honey, industrial machinery, electrical appliances and machines, leather, white cement, furniture and dairy products. 

Iran and Kazakhstan reaffirmed their readiness to increase trade cooperation during the meeting of Kazakh Minister of Trade and Integration Bakhyt Sultanov and Iranian First Vice President Mohammad Reza Mokhber-Dezfouli in Tehran on Feb. 22, the Kazakh prime minister’s press service reported.

Sultanov said cooperation with Iran is one of the country’s foreign policy priorities and Iran is one of the key trade and economic partners of Kazakhstan in the region, The Astana Times reported.

Iran-Kazakhstan trade reached $440.1 million in 2021.