On Thursday July 11, Kazakhstan’s Export Insurance Company KazakhExport signed a number of cooperation agreements in Dushanbe on the sideline of an official visit of Kazakh Prime Minister Askar Maminov to Tajikistan.
Under support of KazakhExport, Tajikistan’s State Unitary Enterprise (SUE) Tajikselkhozlizing (Tajikagrileasing) will buy 140 Kazakh-assembled Essil combines from Kazakhstan’s Joint-Stock Company (JSC) Agromashkholding (Agricultural Machinery Holding).
KazakhExport says the sides also concluded an agreement оn delivery of locomotives, train cars and rails. The Eurasian Development Bank (EBD) and Tajik Railways (Tajik state railway company) have agreed to purchase locomotives from JSC Lokomotiv Kurastyru Zauyty (a subsidiary of Kazakhstan's national railway company Kazakhstan Temir Zholy), freight cars and gondola cars from Kazakhstan’s Carriage Works and rails from Aktobe Rail and Section Works under insurance support of KazakhExport.
Besides, KazakhExport and Tajikistan’s Dousti 2017 signed an agreement on delivery of 30,000 tons of fittings produced by JSC ArcelorMittal Temirtau to Tajikistan for construction of the Roghun hydropower plant.
According to statistical data from the Ministry of National Economy of the Republic of Kazakhstan, a two-way trade between Kazakhstan and Tajikistan last year valued at 845.9 million U.S. dollars. This consisted of Kazakhstan’s exports to Tajikistan estimated at 522 million U.S. dollars and Kazakhstan’s imports from Tajikistan worth 323.9 million U.S. dollars.
The main products exported by Tajikistan to Kazakhstan are vegetables, fruits, ores and concentrates of lead, zinc, and copper. Tajikistan’s imports from Kazakhstan include grain, flour, sunflower oil, building materials, paints and petroleum products.
Founded in 2003, Kazakhstan’s Export Insurance Company KazakhExport operates as an export-credit agency in Kazakhstan. It provides insurance protection against the risk of non-payment in foreign trade operations, and for safety of export transactions to the export manufacturing sector enterprises and second-tier banks. The company supports the growth in the export of non-oil goods, works, and services in the priority economy sectors, as well as develops financial, insurance, and non-financial support practices for enterprises. It offers exporter’s credit insurance, as well as support within the framework of the SPIIAD, such as export and trade financing for exporters; insurance of Kazakhstani investments abroad for investors; trade financing, insurance of documentary credits, bank payment guarantees insurance, and bank counter-guarantee insurance for banks; and reinsurance in the General insurance sector. Headquartered in Almaty, the company also has an additional office in Tajikistan.
