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15 October 2021, 12:34

Tokayev urges to expand trade and economic cooperation inside CIS

Kassym-Jomart Tokayev. Photo from akorda.kz
Kassym-Jomart Tokayev. Photo from akorda.kz

MINSK, 15 October (BelTA) – The number one task for the Commonwealth of Independent States is to build up trade and economic cooperation inside the CIS, Kazakhstan President Kassym-Jomart Tokayev said at the meeting of the CIS Heads of State Council held online on 15 October, BelTA has learned.

“The primary task is to reinvigorate and expand trade and economic cooperation,” Kassym-Jomart Tokayev said.

He cited statistics: the trade inside the CIS exceeds $91 billion, which is only 0.5% of global trade. At the same time, the mutual trade of the CIS countries accounts for about 20% of their trade with non-CIS states.

“This shows a huge potential for a significant increase in trade and economic cooperation. Therefore, there is a lot of joint work ahead to revise and overhaul the current approaches to economic interaction,” Kassym-Jomart Tokayev said.

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