Kazakhstan – Pakistan: Bilateral Trade and Opportunities

Abstract

Memorandums and agreements on the main areas of cooperation were signed between Kazakhstan and Pakistan. The contractual and legal basis of bilateral cooperation is based on the Agreement on the establishment of diplomatic and consular relations between the Republic of Kazakhstan and the Islamic Republic of Pakistan and the Declaration on the principles of relations.

The main goal is to develop cooperation in new international conditions. Pakistan is one of the important states for the Republics of Central Asia, as it has access to the sea which serves to expand trade integration in general. The two countries are successfully cooperating in the multilateral format primarily in the industrial, energy, and trade sectors. In the future, they may have the character of long-term interests in the sphere of economy and energy. Kazakhstan and Pakistan have created a solid legislative and conceptual framework that allows for building a strategic partnership and finding new areas for mutually beneficial cooperation.