OREANDA-NEWS. April 04, 2013. Kyiv hosted a two-day eleventh meeting of the Ukrainian-Kazakh Intergovernmental Commission for Economic Cooperation, chaired by the First vice Prime Minister of Ukraine Serhiy Arbuzov and First Deputy Prime Minister of the Republic of Kazakhstan Bakitzhan Sagintayev.

The meeting was also attended by the leaders and staff of ministries and other state bodies, as well as representatives of public enterprises and organizations.

In the result of discussion of topical issues of bilateral economic cooperation the Commission instructed the ministries and departments of Ukraine and Kazakhstan to take measures to enhance bilateral cooperation, develop and prepare for signing of the Ukraine-Kazakhstan Action Plan for 2013-2014 ("Road Map-4"). The priority for the development of mutually beneficial cooperation were identified industries such as fuel and energy, agribusiness, machinery for agriculture and the creation of infrastructure, transport, aviation, space, etc.

In particular, the Ukrainian delegation expressed interest in Kazakh oil deliveries to the refineries of Ukraine, and also reported on the presence of the technical capabilities of the Ukrainian oil transportation system for transit of Kazakh oil through Ukraine towards European consumers, including capacities of Odessa-Brody and Druzhba pipelines.

First vice Prime Minister Serhiy Arbuzov said that the Ukrainian side is also interested in the participation of Ukrainian companies in development of deposits in Kazakhstan, a joint geological and geophysical studies, training of specialists.

The parties also agreed to develop a comprehensive plan for cooperation in the field of nuclear energy and industry, which provides for the comprehensive development of the various joint activities of the parties. So, in the framework of the 11th session of the Commission, it was decided to continue cooperation and to consider the possibility of cooperation in areas such as: manufacturing equipment for mechanization and construction of small dairy farms in the Republic of Kazakhstan, construction in the Republic of Kazakhstan objects of the solar energy, projects of the development of joint Kazakh-Ukrainian venture for the production of brake equipment for rolling stock of railways, joint projects in the field of agricultural machinery, the production of energy-efficient gas and steam turbine installation to produce electricity and water in the excessive amount for heatengineering needs in the arid regions of Kazakhstan, production of equipment for oil, gas and chemical industry, etc.

Participants of the meeting have discussed the results of the Commission's work on the expansion of the legal framework for bilateral cooperation, and recommended to sign during the forthcoming official visit of the Prime Minister of the Republic of Kazakhstan to Ukraine, the following documents:

- Ukraine-Kazakhstan Action Plan for 2013-2014 year (Road Map-4);
- the Program of cooperation in science and technology between the State Agency of Ukraine for Science, Innovation and Informatization and the Committee of Science of the Ministry of Education and Science of the Republic of Kazakhstan for 2013-2015.

The Parties agreed to hold the twelfth meeting of the joint Kazakh-Ukrainian Intergovernmental Commission for Economic Cooperation in the Republic of Kazakhstan.

Reference
The Republic of Kazakhstan is the third largest trading partner to Ukraine in terms of trade among the CIS countries and eighth among all trading partners of Ukraine. Foreign trade turnover between Ukraine and Kazakhstan on 2007-2012 increased from 2.6 billion dollars to 4.18 billion dollars (61.5%). According to the State Statistics Committee of Ukraine trade turnover between the two countries in 2012 amounted to 4 billion 180 million dollars, which is 11.9% more than in 2011. Exports from Ukraine to Kazakhstan amounted to 2 billion 643 million dollars and increased by 31%. Imports from the Republic of Kazakhstan to Ukraine amounted to 1 billion 537 million dollars and decreased by 10.6% due to a reduction in the supply of gas.