Kazakhstan and Kyrgyzstan have embarked on a significant venture to enhance their economic relationship by establishing a cross-border trade and logistics center. This collaborative initiative is strategically positioned near the Ak-Tilek and Karasu border crossings, yet outside the border zone, to foster seamless trade activities. The ratified agreement governing this establishment is set to provide a catalyst for stronger economic ties between the two nations.The planned center promises to be a hub for the production of diverse goods ranging from dairy and meat products to textiles and pharmaceuticals. This operation will be supported by extensive warehousing and a robust transport-logistics infrastructure. Kairat Torebayev, the acting Minister of Trade and Integration, has emphasized that developing a trade-logistics infrastructure is crucial for the growth of bilateral trade.The funding framework for this ambitious project will rely on extra-budgetary resources, ensuring that the main financial burden does not impinge upon the national budgets. As of now, the search for investors is ongoing, with a tender announcement scheduled for May. The management of the complex remains an open question, one that will be resolved following the investor selection process.This joint venture stands as a testament to the commitment of Kazakhstan and Kyrgyzstan to mutual economic empowerment. It is anticipated not only to streamline trade processes but also to create new opportunities and attract investment into the region, driving forward the economies of both countries through increased cooperation and integration.
