On November 25, in Tehran, Iranian President Masoud Pezeshkian and Kazakh President Kassym-Jomart Tokayev held talks, underscoring their commitment to achieving a bilateral trade volume of $3 billion in the near future.
The two leaders highlighted significant untapped cooperation potential, particularly in energy, transit transport, agriculture, and trade. Current two-way trade stands at approximately $500 million per year.
Iran proposed enhancing infrastructure connectivity, including completing the North-South transport corridor, to facilitate the flow of goods between the two countries and to international markets. Kazakhstan expressed interest in importing crude oil, petrochemicals, and agricultural products from Iran under preferential agreements.
The two sides also agreed to promote cooperation in renewable energy, information technology, and medical tourism. The foreign ministers of both countries were tasked with developing a concrete roadmap to achieve the $3 billion target within the next five years.
Previously, in April 2023, Iran and Kazakhstan signed a series of cooperation documents, including a preferential trade agreement and a memorandum of understanding on establishing an intergovernmental commission. This meeting marks a new step in bilateral relations, moving toward a long-term strategic vision.
