Kazakhstan and Iran Boost Trade Relations at Tehran Business Forum
Kazakhstan and Iran Strengthen Trade Ties with Over $90 Million in Agreements
ASTANA – Kazakhstan and Iran have taken significant steps to enhance trade ties, with over $90 million in agreements signed during a recent business forum in Tehran. Kazakhstan also expressed its readiness to supply $250 million worth of products to the Iranian market, reported the Kazakh ministry’s press service on Feb. 17.
The forum, co-chaired by Kazakhstan’s Minister of Trade and Integration Arman Shakkaliyev and Iran’s Minister of Agriculture Gholamreza Nouri Ghezeljeh, focused on exploring the potential for strengthening bilateral trade and economic cooperation. The event featured B2B meetings and a signing ceremony, resulting in the signing of 10 commercial agreements worth $92.8 million, marking a key milestone in improving trade relations.
During the visit, Shakkaliyev held discussions with Iranian officials, including ministers of agriculture, industry, mine and trade, and roads and urban development, with a particular focus on expanding agricultural trade. Kazakhstan is eager to increase its exports of wheat, barley, flour, and vegetable oils to Iran, a vital market for Kazakhstan’s grain exports.
To further strengthen trade ties, Shakkaliyev’s delegation suggested opening a QazTrade office in Tehran, which would assist Kazakh businesses in finding new partners and expanding their footprint in the Iranian market. QazTrade has organized three trade missions to Iran, resulting in key contracts worth millions of dollars.
Shakkaliyev also met with members of the Karafarin Entrepreneurship network, including Iran’s major business leaders, to discuss expanding trade ties across various industries. Additionally, he participated in the Caspian Economic Forum, emphasizing the importance of enhancing trade and cooperation within the region and highlighting Kazakhstan’s role in improving transit infrastructure to maximize trade potential.
The recent agreements and discussions between Kazakhstan and Iran illustrate a growing partnership that holds promising opportunities for both countries in the realm of trade and economic cooperation.
