Serik Zhumangarin, who holds the position of Deputy Prime Minister and Minister of National Economy of Kazakhstan, met with Gankhuu Khassuur, Deputy Prime Minister of Mongolia.
During the meeting, Zhumangarin congratulated his Mongolian colleague on his new appointment and emphasized the significance of Mongolia as a partner in East Asia. He highlighted that cooperation between the countries is based on trust and respect, and also noted the importance of trade and economic ties as the foundation of their partnership, as reported by MiddleAsianNews citing Kazakh sources.
The parties noted that the presidents of both countries have set a goal to increase the volume of bilateral trade to $500 million in the medium term. The participants of the meeting expressed confidence in achieving this goal through the expansion of the range of mutual supplies, implementation of joint projects, and elimination of trade and administrative barriers.
In order to strengthen trade relations, Kazakhstan plans to organize a trade mission to Mongolia to establish direct business connections, showcase the industrial potential, free economic zones, and export opportunities of the country.
Agriculture was identified as one of the key areas for cooperation, and issues related to increasing the export of Kazakh agricultural products, supply of veterinary vaccines, and the possibility of their localization in Mongolia were also discussed.
From January to November 2025, the trade turnover amounted to $121.5 million, which is 5.5% more compared to the previous year, including $113 million in exports from Kazakhstan and $8.6 million in imports from Mongolia.
Kazakhstan mainly exports tobacco products, rapeseed, confectionery, flour, bread, food products, as well as machinery and engines to Mongolia.
From Mongolia, Kazakhstan imports meat and meat products, footwear, cashmere, as well as carpets and wool products.
Gankhuu highlighted the strategic importance of Kazakhstan as a key partner for Mongolia in the region, expressing hope for the activation of bilateral cooperation this year. He also emphasized the importance of Kazakhstan as a bridge between Mongolia and Central Asia, proposing the creation of a joint working group to identify and eliminate non-tariff barriers.
The Mongolian side expressed interest in deepening cooperation in the areas of veterinary protection, standardization, and animal husbandry.
As a result of the meeting, both sides confirmed their intention to continue developing a constructive and mutually beneficial partnership.
