The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, has welcomed the offer of the National Chamber of Entrepreneurs of Kazakhstan for a cooperation agreement aimed at exploring and identifying opportunities for trade and investments between their two countries.
Kazakhstan is the largest of the former Soviet republics, excluding Russia. According to the Department of Trade and Industry, Kazakhstan possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals such as uranium, copper, and zinc. It has a population of about 18 million in a land area of some 2.7 million square kilometers.
PCCI chairman Miguel Varela accepted the draft of the cooperation agreement hand-carried by Askar Mussinov, Deputy Foreign Minister of the Republic of Kazakhstan.
Mussinov led a four-man delegation that attended a dialogue last week with PCCI at its head office at the PCCI building on McKinley Hill in Taguig.
Varela said that the cooperation agreement could be the basis for exchange visits, business matching, and sharing of information leading to trade and investments deals in sectors such as manufacturing, agro-industry, tourism, IT, logistics and construction.
In 2013, the Philippines exported $483,922 worth of goods to and imported $123,585 from Kazakhstan.
Exports included pneumatic rubber tires for motor vehicles, vegetable fats and oils, other builders’ joinery and carpentry of wood, laminated safety glass, and other articles of plastics.
The other Kazakh delegates were Ulan Mukhamedchenov, Merhit Sirjet and Yerzhan Assaubay of the Ministry of Foreign Affairs. They were accompanied by Honorary Consul Dennis Uy of Kazakhstan.