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Kyrgyzstan set to increase volume of mutual trade with Russia

22 November 2017 [17:34] - TODAY.AZ

By Azernews


By Kamila Aliyeva

Kyrgyzstan intends to increase the volume of mutual trade turnover with Russia, the press service of the Kyrgyz Economy Ministry reported.

Today, on November 22, Kyrgyz Economy Minister Artem Novikov held a meeting with Russian Minister of Economic Development Maxim Oreshkin in Moscow.

This meeting is the second one between the two ministers and taking into account the strategic importance of deepening trade and economic cooperation, the sides expressed their intention to continue the established trend further.

Novikov assured the Russian side that in spite of the current situation on the border, Kyrgyzstan intends only to increase the volume of mutual trade with Russia as one of the main trade partners for the Kyrgyz Republic.

In this regard, the parties discussed the possibility of joint construction of trade and logistics centers in the territory of the Kyrgyzstan, as well as the localization of Russian production of construction materials, pharmaceutical products, medical preparations and other enterprises on the territory of Kyrgyzstan.

The sides also agreed to work out the issues on the supply of residual fuel to Kyrgyzstan in accordance with the indicative balance for 2017, signed in September 2017, and to clarify the indicative balance for 2018.

In the course of his visit, Kyrgyz minister also met with Ilya Lomakin-Rumyantsev, Chairman of the Presidium of the Association of Retailers (ACORT), and the management of Russian large retail chains.

During the meeting, the chairman of the ACORT Bureau confirmed his readiness to render assistance in the supply of domestic producers' products to Russia's trade networks.

In his turn Novikov noted that more companies are ready to be connected in the process of work. This project will involve only companies and products, for which our producers can take full responsibility, both in terms of the quality of the goods (the product itself, packaging, format, brand, certification, etc.), and "business interaction" between the parties.

At the same time, the Minister noted that the benefits for entry fees, retro bonuses, especially the requirements for minimum volumes of supply of products are important moments for both the companies and producers.

Finally, the sides agreed to hold a Retail Forum entitled “Supplier's Day - Open Dialogue” in Bishkek in January 2018, where representatives of Russian trade networks and entrepreneurs of Kyrgyzstan interested in export to the Russian market will take part.

This forum will discuss the basic requirements for exported products, as well as the basic principles and rules for working with large trading networks in the Russian market.

It is also planned to develop a list of goods that have the greatest export potential and will be competitive on the shelves of Russian retail chains.

Kazakhstan - which lies between Kyrgyzstan and Russia - introduced additional control measures on the Kyrgyz-Kazakh and Russian-Kazakh state borders on October 10, 2017. The measures are taken as part of planned activities, according to Kazakh side.

Meanwhile, the average daily number of persons and vehicles from Kyrgyzstan decreased by 2.4 times at major and busiest checkpoints Ak-Zhol and Ak-Tilek after the introduction of additional control measures by the Kazakh side.

Since October 10, as many as 3,000 persons and 300 transport units cross the border daily. Previously, a number were more than 8,000 persons and over 600 transport units.

Later, on October 18, during the meeting of Kyrgyz Prime Ministers Sapar Isakov and his Kazakh counterpart Bakytzhan Sagintayev in Astana, the parties agreed to ensure the priority order of crossing the state border for individuals with personal luggage, vehicles carrying out regular passenger transportation, motor transport, and empty cargo vehicles.

To date, the issues with loaded vans remain unresolved.

Russia’s share in the export of the Kyrgyz Republic amounts to 21.3 percent following the results of 2016.

URL: http://www.today.az/news/regions/167078.html

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