Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln

Economy
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
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Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
Kyrgyzstan and Belarus intend to increase trade turnover to $500 mln
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Bishkek, Nov. 11, 2026 /Kabar/. The thirteenth meeting of the Intergovernmental Joint Commission on Trade and Economic Cooperation between the Kyrgyz Republic and the Republic of Belarus was held in Minsk, involving both narrow and expanded-format sessions, the Cabinet of Ministers reported.

The meeting was co-chaired by Erlist Akunbekov, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic, and Alexander Terekhov, Deputy Prime Minister of the Republic of Belarus.

The co-chairs noted that the thirteenth meeting of the Intergovernmental Commission and the inaugural Forum of Regions represent another significant milestone in the development of Kyrgyz-Belarusian relations, expressing confidence that these events will further expand cooperation between the two nations.

They also highlighted the rapid pace of development in bilateral engagement, achieved through the political will of the President of the Kyrgyz Republic, Sadyr Zhaparov, and the President of the Republic of Belarus, Alexander Lukashenko, as well as through regular dialogue at the level of heads of government.

Between 2021 and 2025, the volume of mutual trade between Kyrgyzstan and Belarus increased nearly fourfold. A roadmap for the development of trade and economic cooperation through 2030 sets a target of reaching $500 million in bilateral trade turnover.

Achieving this goal requires addressing the challenges faced by entrepreneurs and fostering direct contacts between enterprises in both countries. In this regard, the Intergovernmental Commission is tasked with ensuring the practical implementation of the outlined objectives. In his remarks, Erlist Akunbekov, Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, noted that the country offers tax and customs incentives, state support measures, and financial instruments designed to attract investment into industrial enterprises.

"We are interested in implementing joint projects in sectors such as automotive and mechanical engineering, machine-tool manufacturing, light industry, and pharmaceuticals. At the same time, access to sources of funding is crucial for launching such joint initiatives. Kyrgyzstan currently operates bilateral development funds with several nations. In this regard, we propose exploring the potential for cooperation between the Development Bank of Belarus and the State Development Bank of the Kyrgyz Republic. Such collaboration would expand financing opportunities for entrepreneurs and facilitate the realization of mutually beneficial projects," Erlist Akunbekov stated.

For his part, Alexander Terekhov, Deputy Prime Minister of the Republic of Belarus, emphasized that Belarus remains committed to the consistent development of bilateral cooperation with Kyrgyzstan across all areas of mutual interest. He expressed confidence that the current meeting would provide fresh momentum for further strengthening Kyrgyz-Belarusian relations.

The meeting agenda included six items covering areas such as industry and manufacturing, construction and transport, agriculture and the agro-industrial complex, as well as healthcare. Reports from representatives of the relevant government agencies of both countries were presented and discussed in relation to these sectors. Following the meeting, the parties signed the protocol of the thirteenth session of the Kyrgyz-Belarusian Intergovernmental Joint Commission, a cooperation agreement between MAZ OJSC (the management company of the BELAVTOMAZ holding) and Avtomash-Radiator LLC, as well as a contract for the supply of machinery between Gomselmash OJSC and Avtomash-Radiator LLC.