Kazakhstan interested in cooperation with Mongolia: N.Nazarbayev

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www.inform.kz reports that,

Kazakhstan interested in cooperation with Mongolia: N.Nazarbayev
ULAN-BATOR. August 6. KAZINFORM. /Yernur Akanbai/ “Kazakhstan is interested in development of political, trade-economic and cultural cooperation with Mongolia”, Kazakh President N.Nazarbayev announced at the negotiations with Mongolian President Nambaryn Enkhbayar, Kazinform reports.“Political, trade-economic and cultural relations between Kazakhstan and Mongolia have been developing dynamically within 16 years of diplomatic relations. Kazakhstan’s side is interested in further development of cooperation”, Nursultan Nazarbayev said. “Taking into account common interests on regional and international levels, Kazakhstan plans to continue developing cooperation with Mongolia”, the President noted.

The Kazakh President emphasized that trade economic cooperation is the basis for development of cooperation between Kazakhstan and Mongolia.

“Unfortunately trade turnover between our countries for the year 2007 amounted only to USD 36 mln. This is less than in 2006”, – said N. Nazarbayev. According to the President, decrease in the trade turnover is due to the absence of mutual borders, transport problems, lack of information at the two governments’ disposal on tax system and trade possibilities of both countries.

The President stated that in order to increase the level of trade turnover between Kazakhstan and Mongolia it is necessary to activate the work of inter-governmental commissions of both countries as well as stimulate activity of other mechanisms for development of trade relations.

Mid-term program of trade-economic cooperation between Kazakhstan and Mongolia
ULAN-BATOR. August 6. KAZINFORM /Yernur Akanbai/ A mid-term program of trade-economic cooperation between Kazakhstan and Mongolia will be developed. This was made public at the joint communique which was adopted within the framework of RK President’s state visit to Mongolia, KazInform reports.
Communique stated that special attention will be devoted to the development of economic cooperation and its further diversification, strengthening of investment cooperation in the fields of geological survey and processing of natural resources, transport and communication, processing industry and agriculture. With those tasks at hand, it has become necessary to develop a mid-term program of trade-economic cooperation between Kazakhstan and Mongolia. An idea of creation of a Kazakh-Mongolian Investment fund is reflected in the Communique. Mutual efforts in this direction will create conditions to expand and deepen economic cooperation of business circles of Kazakhstan and Mongolia.

Investments into the geological survey and agricultural sectors of Mongolia
ULAN BATOR. August 6. KAZINFORM /Yernur Akanbai/ – Kazakhstan might make investments into infrastructure, geological survey and agricultural sectors of Mongolia. This was made public at the press-conference by Nursultan Nazarbayev, after talks with the President of Mongolia, Nambaryn Enkhbayar, KazInform reports.
The President said that first of all, undisturbed operation of the National Bank of Kazakhstan in Mongolia must be established. Through this bank Kazakhstan’s company can conduct investment into the economy of Mongolia. “Secondly, we would like Mongolia to establish acceptable and standing laws for investors. Thirdly, there need to be projects that are profitable for private companies”, – underlined N. Nazarbayev

President, noting the similarities of the economies of Kazakhstan and Mongolia, said: “Mongolia, like Kazakhstan, is a country that is rich in natural resources. We made a deal on exchange of knowledge in natural resources field development with Kazakhstan’s investors. We have the experts in this field”.

KZ President proposed to carry out days of Mongolia in Kazakhstan and days of Kazakhstan in Mongolia
ULAN BATOR. August 6. KAZINFORM. /Yernur Akanbai/ The Kazakhstan President proposed carrying out days of Mongolia in Kazakhstan and days of Kazakhstan in Mongolia aimed at the development of cultural relations between the two countries, at the press- conference after negotiations with Nambaryn Enkhbayar, Kazinform reports.

“We are interested in joint researches of Turkic heritage situated on the territory of Mongolia. I propose carry out days of Mongolia in Kazakhstan and days of Kazakhstan in Mongolia in order to maintain cultural relations”, N.Nazarbayev said.

The Kazakh President noted that 230 representatives of the Mongolian youth study in Kazakhstan. “We want to continue these traditions. Our relations and harmony show a desire to strengthen cooperation and economic relations between the countries”.

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