Iran, and Kazakhstan will hold the 18th session of the two countries’ Joint Economic Commission in the Kazakh capital, Astana, on January 27-28, 2023.
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Meanwhile, Deputy Iranian Foreign Minister for Economic Diplomacy Mahdi Safari weighed in on the development on the sidelines of a meeting of the headquarters of economic cooperation held at the Iranian Ministry of Foreign Affairs on Sunday, January 22, 2023.
“An Iranian delegation comprising representatives from both the public and private sectors, particularly a host of domestic businessmen and economic players, led by the Iranian agriculture minister, are due in Kazakhstan this week to discuss key issues pertaining to cooperation in different areas, namely banking, transportation and transit, agriculture, overseas cultivation, plans to boost trade, energy, ports cooperation, etc., and sign several bilateral cooperation documents in the upcoming session."
It is noteworthy that Iran-Kazakhstan trade hovered around $450 million in the first ten months of 2022 when Iran’s exports to Kazakhstan rose 26.5% to $167 million and imports from that country touched $283 million, up 15%.
Technical and engineering services included, trade between the two countries is estimated at over $800 million so far.
The 17th session of the two countries’ Joint Economic Commission, hosted by Iran's Ministry of Agriculture Jihad, was held in Tehran in February 2022.