Ulaanbaatar,
April 23, 2026 /MONTSAME/. As part of the State Visit of President Khurelsukh
Ukhnaa to the Republic of Kazakhstan, the “Kazakhstan-Mongolia Business Forum”
was held in Astana.
The
business forum aims at connecting Mongolian businesses with similar companies in
Kazakhstan and help them enter new markets. It focused on sectors such as food production,
wool and cashmere, leather, construction, transport, logistics and finance.
Organized
jointly by the Mongolian National Chamber of Commerce and Industry (MNCCI) and “Atameken”
National Chamber of Entrepreneurs of Kazakhstan, the forum has brought together
more than 250 representatives from government and private sectors of both
countries.
Both
sides expressed their commitments to enriching their “strategic partnership”
with economic content, developing mutually beneficial cooperation, expanding
trade and investment and improving business environment. They highlighted that the
EAEU-Mongolia Interim Trade Agreement, which removes or reduces tariffs on 367
types of goods, will help achieve the goal of increasing bilateral trade
turnover to USD 500 million in the coming years and provide access to the Central
Asian and third markets.
During
the forum, businesses from both countries exchanged views on future cooperation,
investment opportunities, as well as joint projects and programs. Concluding
the forum, Mongolian companies signed agreements and deals worth over USD 20
million with their Kazakhstan’s partners in the initial stage.
Agreements
and cooperation memorandums were signed between the following partnerships:
- The MNCCI and “QazTrade” Trade
Policy Development Center - “QazTrade” Trade Policy Development
Center and “Mon-Kaz Trade & Investment Hub” - “Mon-Kaz Trade & Investment Hub”
and Kazakhstan’s Export Credit Agency - The Mongolian Tourism Association
and the Tourism Department of Almaty Region - Women entrepreneurs’ councils under
Atameken and the MNCCI - The Atyrau Wagon Manufacturing Plant
and “Mongolian Ore Bal” LLC - “Mongolian Ore Bal” LLC and “Altay
Agro Trading” LLP - The Mongolian Youth Federation and the Youth
Congress of Kazakhstan - The Association of Mongolian Wool
Producers- Kham-Ts Group - “CHBG Construction” LLC and “Alkaralbio”
- “Mongolsat Networks” LLC and “Askar
Cinema” - “Tuginat” LLC and “SymbatLab” LLC
- “Tuginat” LLC and “AB Smart Logistic”
- “Tuginat” LLC and “SS-Agro”
- “Munkh Amin Orchil” LLC and “KazEcoAgro”
- “Zhi Eu Finsight Holding” and “Go Finsight
Agro Holding” - “NUKHTTOUR” Co.Ltd- “Gumin Green Tech
SPC Limited” and “RailSolution” LLC - “Fine Wool Cashmere” and “Birzhan”
These agreements cover cooperation in trade, investment,
logistics, tourism, agriculture, and industrial production.
