BAKU, Azerbaijan, October 1. Kazakhstan and
Mongolia discussed plans to increase bilateral trade to $500
million by expanding agricultural and food supplies during today's
meeting in Astana.
This was reported by the Ministry of Agriculture of the Republic
of Kazakhstan.
The target was discussed during a meeting between Kazakhstan's
Minister of Agriculture Aidarbek Saparov and Mongolian Deputy Prime
Minister Nyamtaishir Nomtoibayar.
“We see significant potential for increasing trade with
Mongolia, primarily by expanding supplies of domestic products. Our
task is not limited to increasing export volumes, but to building
sustainable cooperation chains, developing processing and joint
projects. I am confident that systematic work in these areas will
significantly increase bilateral trade,” Saparov said.
Trade turnover between Kazakhstan and Mongolia increased by 7.7%
in 2025 to $133.5 million. Kazakhstan's exports amounted to $123
million, while imports totaled $10.5 million.
The agricultural sector is seen as one of the key areas for
increasing Kazakh exports to Mongolia. Kazakhstan has potential to
expand supplies of grain and processed grain products, vegetable
oil, rice, fruits and vegetables, as well as agricultural
machinery.
The sides also discussed increasing supplies of higher
value-added products, including processed food, and launching joint
projects for agricultural processing.
“We are interested in making economic ties between Kazakhstan
and Mongolia more intensive and practical. This requires more
active business-to-business contacts, expanded transport and
logistics opportunities and conditions for new commercial
initiatives,” Nomtoibayar said.
The Temporary Trade Agreement between the Eurasian Economic
Union and Mongolia, which entered into force on July 22, 2026, is
expected to provide an additional impetus to trade and economic
cooperation.
The sides confirmed their interest in expanding mutual supplies,
intensifying business contacts and launching new projects to
further increase bilateral trade.
