International Islamic Food Processing Association (IFPA) participated in one of the biggest business events in Tashkent this year – Kazakhstan Trade and Economic Mission in Uzbekistan (“TEM”).
The three-day event brought together more than 100 companies in the fields of agriculture, food production and retail, petrochemicals, medical devices and pharmaceuticals, IT, mechanical engineering, and others for business matching and increasing export and import volumes between two countries and impact on growing trade and economy. CEO of Qaztrade Center for Trade Ppolicy Development Mr. Azamat Askaruly noted that this meeting is the first big meeting of business this year.
The representatives of the TEM from Kazakhstan and Uzbekistan – CEO of Qaztrade Center for Trade Policy Development Mr. Azamat Askaruly, Deputy Chairman of Kazakh Export Mr. Kuanysh Mukazhanov and Chairman of Association of Exporters of Uzbekistan Mr. Mukhtor Umarov, Deputy Hokim of Tashkent, Head of Investment and Foreign Trade Department Mr. Pakhman Sharov were opened the official part of the event and gave keynote speeches. TEM’s officials provided participants with latest news on trade corridors and market demands, as well as with overview of the trade turnover between Kazakhstan and Uzbekistan. Kazakhstan’s export to Uzbekistan amounted to $2.8 billion, Uzbekistan’s export to Kazakhstan amounted to $1.1 billion in 2021. The government of the two countries has set a task to increase the bilateral trade turnover to $10 billion.
International Islamic Food Processing Association (IFPA) was represented by Head of International Memberships Ms. Gulsum Kenenbayeva and Head of International Partnerships Mr. Berik Kaliyev. IFPA team held several B2B productive meetings for enhancing export and import opportunities, providing Islamic Finance and Investment , export insurance solutions through IFPA platform. These one-to one meetings were conducted with Heads of entities such as Counselor of Navoi Regional Governor on Investment and Innovation of Uzbekistan, Hayot Husni LLP, Makiz Baraka LLP, Agro Processing Group, Uzbekistan Food Industry Association, Uzbekistan Association of Exporters, KazArgoPro LLP, KazBeef Group, Kublei LLP, Araltuz JSC, SP Rola – Yan LLP and others. Through IFPA effective coordination and cooperation, we will help increase the contribution in attracting Islamic financing into Kazakhstan and Uzbekistan markets for wider potential of the agri – food sector for trade between two countries.