Russia, Kyrgyz Agricultural Trade Rose 11% In 2020
In joint Russia-Kyrgyzstan agricultural meetings held on February 24, Dmitry Patrushev, the Russian Minister of Agriculture of Russia, and Askarbek Dzhanybekov, the Kyrgyz Minister of Agriculture announced that agricultural trade between the two countries increased by almost 11%, exceeding US$350 million in value during 2020.
The Ministers also considered priority areas for further joint work, including a draft intergovernmental agreement on cooperation in the fisheries sector. The document has been agreed upon, and the Russian side is currently working on the procedures needed to sign it. Dmitry Patrushev expressed confidence that the agreement would create additional conditions for the development of fisheries cooperation between the two countries. Kyrgyzstan is a landlocked country.
Ministers Dmitry Patrushev and Askarbek Dzhanybekov also signed a memorandum of cooperation in the supply of agricultural products. The document is expected to expand Russian-Kyrgyz agricultural trade. Both countries are members of the Eurasian Economic Union (EAEU), along with Armenia, Belarus, and Kazakhstan. The EAEU also has Free Trade Agreements with Iran, Serbia, Singapore and Vietnam and is currently negotiating tariff reductions and free trade with China, India and several other ASEAN and Asian nations.
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