IRAN NEWS ECONOMIC DESK

TEHRAN – As a follow-up of a recent meeting of the Ambassador of Kazakhstan to Iran,

Mr. Askhat Orazbay with officials of the Qazvin Province, on 18 February 2020, a visit of the leadership of the Special Economic Zone “Sea Port Aktau” located on the Caspian Sea to Qazvin was organized with a support and facilitation of the Kazakh Embassy in Tehran. The delegation was led by the Board Chairman of the Special Economic Zone Mr. Bekbol Orynbassarov.

Within the framework of the visit there were held a meeting with Deputy Governor of Qazvin Province on Economic issues Mr. Issa Qobadi and representatives of the local business, a meeting with the President of Qazvin Chamber of Commerce Mr. Mehdi Bakhshandeh and the members of the Chamber as well as site visits to the leading companies of the province and Anzali Sea port were organized.

The main result of the visit has become an agreement achieved by the SEZ “Sea Port Aktau” and Qazvin Chamber of Commerce on implementation of a joint project on building an Industrial-Commercial Complex on the territory of the SEZ “Sea Port Aktau” with the total amount of investment about 15 million of Euro which will facilitate in exporting Iranian goods to Kazakhstan and Central Asia and vise-versa.

The Complex will be located on a 5-hectares area on the Kazakh part of the Caspian Sea.

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IRAN NEWS ECONOMIC DESK

TEHRAN –Kazakhstan Ambassador to Tehran Mr. Askhat Orazvy during his recent visit to Qazvin Province said that his country has attracted over $300b investment in 20 years and 70 percent accounts for foreign investment.

Mr. Orazbay also had welcomed any economic cooperation with Iranian businessmen especially from Qazvin Province.

In our Sunday edition the figure of the investment had been mis-reported as $30b and the error is regretted.

Orazbay also called for more interactions and cooperation between Kazakhstan and Qazvin Province as he considers Qazvin as one of the most advanced Iranian provinces in terms of economic capacity.

Meanwhile Trend news website yesterday quoted a representative of Kazakhstan Ministry of Trade and Integration as saying that a number of Kazakh-Iranian joint projects in Kazakhstan are currently at the various stages of implementation, the majority of them accounting for agriculture.

According to the official, Kazakhstan and Iran have time after time confirmed their interest in development of mutual trade relations. Parties are also successfully cooperating within the framework of various international and regional organizations.

“Talking the investment relations between the countries, Iran is among the main investors of Kazakhstan. Over the period from 2005 to 2018, gross inflow of direct foreign investments from Iran to Kazakhstan’s economy amounted to $123 million,” the official said.

Trade turnover between countries amounted to $333.8 million during 11 months of 2019, which is 28.8 percent less than during the same period of 2018 ($468.9 million).

“Kazakhstan export to Iran during the reporting period decreased by 31.8 percent and equaled $263 million. The main goods exported from Kazakhstan to Iran are agricultural goods of vegetable and animal nature, mineral resources,” the official said.

He also noted that the decrease of export to Iran can be explained by export decrease of the following goods: flat unalloyed steel, wheat, and rapeseeds.

“At the same time, the export increase of fresh, frozen beef, rapeseed oil, sheep, ferrous metal waste and scrap is also observed,” the official said.

Kazakhstan’s import from Iran amounted to $70.8 million during 11 months of 2019, which is 15.1 percent less than during the same period of last year. The main goods imported from Iran to Kazakhstan are mineral resources and fruit.

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IRAN NEWS ECONOMIC DESK

TEHRAN – Kazakhstan Ambassador to Tehran Mr. Askhat Orazby during his visit to Qazvin Province and his meeting with officials and members of Qazvin Chamber of Commerce Industries, Mines and Agriculture (QCCIMA) announced readiness of his country for bilateral cooperation with Qazvin Province.

During the meeting, Mr. Orazby felicitated the anniversary of the victory of the Islamic Revolution, adding that he was impressed after visiting the production units and industrial parks of Qazvin, adding that undoubtedly Qazvin is one of the most advanced and strongest provinces of Iran in terms of economic capacities and Kazakhstan is ready to cooperate with this province which will bear positive fruits for both sides.

He noted that Kazakhstan is one of the few countries which did not breach its commitment to Iran under the U.S. sanctions threats and this will lead to more cooperation between both states.

He noted that he has visited several provinces in Iran recently but Qazvin Province condition is incomparable with other provinces and this province has exported agro products like apple to Kazakhstan.

Orazby added that Iran and Kazakhstan are interested in expanding relations but recent costs have created hurdles, adding  Qazvin Province is actually pioneer comparing to other provinces to boost cooperation with Kazakhstan.

He reiterated that some of Iranian goods are welcomed by Kazakh people but the long distance between both countries has been a major hurdle.

He added that Kazakhstan has attracted over $30b investment in 20 years and 70 percent has been foreign investment which has entered into the Central Asia and it is a major achievement and an indicator that foreign investors welcome conditions in Kazakhstan for foreign investment.

Orazby added that in the latest World Bank ranking, Kazakhstan has ranked 25 among 190 countries in the world while in the previous ranking Kazakhstan was at 28^th place.

Meanwhile head of QCCIMA Mr. Mehdi Bakhshandeh, for his part, said that the province welcomes any bilateral cooperation with Kazakhstan and urged Kazakhstan to ease the ground for exports of Qazvin Province to the country and other countries in the Central Asia.

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