The 25th meeting of the Intergovernmental Kyrgyz-Russian Commission on Trade, Economic, Scientific, Technical and Humanitarian Cooperation was held in the city of Krasnoyarsk (Russian Federation). The meeting was chaired by Chairman of the Cabinet of Ministers of the Kyrgyz Republic – Head of the Presidential Administration of the Kyrgyz Republic Akylbek Zhaparov and Deputy Chairman of the Government of the Russian Federation Alexey Overchuk.
During the meeting, the parties discussed a wide range of issues aimed at strengthening mutually beneficial cooperation between Kyrgyzstan and Russia. Special attention was paid to the development of trade and economic relations, including increasing trade turnover between the two countries, creating favorable conditions for investments and joint ventures, and cooperation in the fields of industry, agriculture and energy.
In addition, the parties discussed the development of scientific and technical cooperation, the expansion of humanitarian ties, including education, culture and healthcare, as well as joint projects in the field of tourism and transport.
Akylbek Zhaparov stressed the importance of intergovernmental cooperation for the development of bilateral relations.
“Kyrgyzstan and Russia have a rich history of friendship and mutually beneficial partnership. We are confident that the results of today’s meeting will make a significant contribution to strengthening our strategic relations. Last year, the trade turnover between Kyrgyzstan and Russia reached 3 billion US dollars, and in the first four months of 2024 exceeded the billion mark, demonstrating an increase of 30%. The goal of 5 billion has already been set by the leaders of the two countries, and we can only steadily move towards it,” he said.
He also touched upon issues of cooperation in the field of light industry.
“We have all the prerequisites for bringing the Kyrgyz textile and clothing industry to a level that allows for sustainable development and decent competition in international markets, including through Wildberries and Ozon marketplaces,” Akylbek Zhaparov added.
The Head of the Cabinet of Ministers paid special attention to strengthening trade and economic ties, noting the need to involve subordinate organizations of ministries and departments, as well as state-owned enterprises of both countries, such as Kyrgyz Export, the Center for Public-Private Partnership, Infocom, Kyrgyz Industry, Development Support Fund tourism”, the Green Energy Fund and others.
“The financial sector of Kyrgyzstan demonstrates sustainable development – it is represented by a large number of financial and credit institutions, as well as a wide range of banking and financial products. Taking into account the aspirations of the parties to modernize the financial sector and increase the share of settlements in national currencies, I consider it important that the largest state-owned banks of Russia, such as Sberbank, VTB, Vnesheconombank and Gazprombank Group, participate in the financial market of Kyrgyzstan. In particular, the opening of branches of Russian banks in Kyrgyzstan,” Akylbek Zhaparov suggested.
In turn, Alexey Overchuk noted the importance of further developing multifaceted cooperation and stressed that Russia attaches great importance to strengthening trade and economic ties, as well as the development of humanitarian cooperation between the two countries.
Following the results of the 25th meeting of the Intergovernmental Kyrgyz-Russian Commission on Trade, Economic, Scientific, Technical and Humanitarian Cooperation, a corresponding Protocol was signed.
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