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Afghanistan-Kazakhstan private sectors sign $100 million deals

The Ministry of Industry and Commerce announced on Thursday the signing of contracts worth more than $100 million between the private sector of Afghanistan and Kazakhstan in Astana, the capital of Kazakhstan.

According to the ministry, a joint meeting was held between Afghanistan’s delegation, led by Nourruddin Azizi, acting minister of Industry and Commerce, and Kazakh officials, led by Zhumangarin Serik, the deputy Prime minister and minister of trade and integration.

During the meeting, the two parties talked about facilities in the two countries transit, trade, and banking sectors, as well as modern irrigation management and water conservation technologies. They also discussed the findings of business communication sessions and the development of Kazakh-Afghan exhibitions.

The delegation from Afghanistan visited Kazakhstan for a three-day business forum held on Thursday and will continue till Saturday in the capital of Astana.

At the forum, more than 200 delegations and businessmen attended from Afghanistan, including several economic sectors and second-level banks.

In addition, the forum featured an exhibition showcasing products and goods from the country.

The Kazakh Ministry of Foreign Affairs emphasised that trade ties between the two nations are still being developed. Kazakhstan wants its bilateral trade with Afghanistan to multiply over the next few years and surpass the $988 million mark set last year.

The forum results from improved communication between the two sides following Serik, Kazakhstan’s Deputy Prime Minister and Minister of Trade and Integration, visit Kabul in April.