Bishkek, June 9, 2023. / Kabar /. On the sidelines of the International Forum in Astana, an Agreement was signed between the Cabinet of Ministers of Kyrgyzstan and the Government of Kazakhstan on the establishment and regulation of the activities of an industrial trade and logistics complex (ITLC) in the area of the Ak-Tilek and Karasu road checkpoints.

The press service of the Ministry of Economy and Commerce of the Kyrgyz Republic said that from the Kyrgyz side, the agreement was signed by Minister of Economy and Commerce Daniyar Amangeldiev and form the Kazakh side byDeputy Prime Minister - Minister of Trade and Integration Serik Zhumangarin.

An agreement on the creation of new industrial and logistics complexes was reached following the mutual visits of the heads of state and the meeting of the Kyrgyz-Kazakh Intergovernmental Council, held on April 29, 2022.

The ITLC project is considered as a new growth point for increasing mutual trade and bilateral projects in the real sector of the economies of the two countries.

The creation of a joint Kyrgyz-Kazakhstan industrial trade and logistics complex will make it possible to implement cost-effective export-oriented projects and increase the competitiveness of individual sectors of the economy, including through the use of advanced production and sales management technologies.

The priorities in the activity of ITLC are:

- industrial cooperation, creation of new industries and jobs;

- storage and processing of meat and agricultural products;

- improvement of logistics and business facilities;

- attraction of new technologies;

- diversification of agricultural production;

- movement, storage and processing of agricultural products;

- production of consumer goods with a high competitive advantage, including food and agricultural products;

- production of new goods and their further sale with effective integration into international commodity distribution systems;

- other types of activities that correspond to the goals of the creation and functioning of ITLC, subject to the requirements established by the legislation of the States of the Parties.

The creation of ITLC will make it possible to place production lines in an economically attractive region with significant volumes of raw materials and developed infrastructure, and, in general, to expand the market shares of countries in international markets.