Foreign representative office of 'KazakhExport' opened in Kazan

25 October, 2018, 11:00 298
Foreign representative office of 'KazakhExport' opened in Kazan

The opening of a representative office was held with the participation of Deputy Chairman of the Union of 'The Trade and Industrial Chamber of the Republic of Tatarstan' Nikolaev. 

Prior to the holding of the 20th Session of the Intergovernmental Commission for cooperation between Kazakhstan and the Russian Federation, the city of Kazan has held an official opening of the first foreign representative office of JSC 'Export Insurance Company 'KazakhExport', BNews.kz correspondent reports. 

The opening of a representative office was held with the participation of Deputy Chairman of the Union of 'The Trade and Industrial Chamber of the Republic of Tatarstan' Nikolaev, Consul General of Kazakhstan in the city of Kazan Tukumov and representatives of business communities of the Republic of Tatarstan. 

Head of state Nursultan Nazarbayev has recently paid a working visit to Kazan during which he mentioned the necessity to increase the trade turnover between the states from 700 million to 1 billion dollars. 

"By opening the first foreign representative office in the Russian Federation, we intend to stimulate the mutual trade, to provide insurance support to exporters willing to work in new markets. The company aims at developing exports of commodities in processing sectors of the economy, as well as jobs and services. The volume of insurance support provided by 'KazakhExport' to Kazakhstani exporters has made over 100 million US dollars following 9 months of the current year," said Ruslan Iskakov, the Chairman of the Board of JSC 'Export Insurance Company 'KazakhExport' during the opening.

He noted that partnerships on the ground would enable to establish operative interaction with entrepreneurs and banks, as well as to familiarize with potential markets for Kazakhstan's products from the inside.   

The representative office's activity will cover not only Tatarstan but also neighbouring regions: Nizhny Novgorod Oblast, Bashkortostan, Orenburg Oblast, Orsk, Samara, Saratov and so on. 

Medication, tea, food products, medical equipment, transformation and cable equipment, manufactured goods are exported to Russia from Kazakhstan. According to experts, Kazakhstan's machine building, agriculture, chemistry and food production have the strong export capacity.