Kazakhstan and South Korea Strengthen Customs Cooperation to Boost Trade between Central Asia and East Asia: What New Updates You Need to Know

Kazakhstan and South Korea are deepening their trade relations after cementing further customs cooperation at the KCS New Year’s Luncheon in Seoul, South Korea. During the luncheon, titled “Trade Facilitation between Central Asia and the Republic of Korea,” South Korean and Central Asian ambassadors, along with Korea Customs Service officials, focused on customs and trade cooperation from a procedural standpoint.
Nurgali Arystanov, the Kazakh Ambassador to South Korea, stated that the increasing bilateral relations between the two countries are largely dependent on the customs trade and trade relations. Moreover, he indicated that the South Korean government’s customs trade relations are very supportive in developing bilateral trade. Arystanov stated that President Kassym-Jomart Tokayev’s vision is to enhance Kazakhstan’s ability as a trade and transit route between Asia and Europe.
Key Areas of Cooperation in Trade and Digitalization
During the luncheon, the two sides outlined several initiatives aimed at enhancing the cooperation in customs processes. One specific area of interest was the use of technology to ease and speed up customs processes. The use of Artificial Intelligence (AI) and big data analytics to customize processes in order to improve operational efficiency of trade and customs processes was suggested.
During the discussion, the need to facilitate and implement the systems to achieve purely paperless trade, especially via the Digital Silk Road, was noted. Integrating systems along trade routes to achieve seamless logistics is critical to enhancing customs in the Asia–Europe corridor.
Strengthening Logistics and Transport as Trade Enablers
The potential of Central Asia’s transport and logistics sector is evident and appreciated by both sides. Central Asia’s pivotal position as a trade conduit between Asia and Europe places it at the center of trade. Enhancing logistics and transport systems to support trade and business is aimed at streamlining the processes and reducing time and cost associated with cross-border trade for Kazakhstan and South Korea.
Due to its position, Central Asia has the ability to connect the two continents, and efforts to streamline customs procedures are certain to improve trade flows. The South Korean officials stayed committed to reigniting any initiatives that would strengthen trade relations between the two regions.
Strengthening Trade Relations and Promoting Bilateral Trade Expansion
Kazakhstan and South Korea have experienced positive growth in their trade relations. Kazakhstan and South Korea expect to reach USD 3.2 billion in bilateral trade by 2025. This is a 1.4% increase from previous years and reflects the enhanced relations between the two countries. They are keen to strengthen their economic ties.
A new paradigm for customs cooperation is anticipated to bring even greater trade in the years to come. The new procedures and enhanced digital systems are likely to assist businesses in overcoming the challenges of cross-border trade.
Conclusion: A Deepening Commitment to Strengthening Trade Relations
Kazakhstan and South Korea have demonstrated their commitment to solidifying bilateral relations by enhancing customs cooperation. The Joint Customs Cooperation Committee was established between the two countries to focus on specific customs administration issues. Currently, both countries are focused on digital customs and logistics optimization.
Considering the increasing volume of trade between the two countries, particularly in transport and logistics, the partnership will be of great economic value to businesses in Kazakhstan, South Korea, and the Central and East Asia regions.
As Kazakhstan focuses on developing its transport and transit capabilities, initiatives of this nature will help strengthen connections between Asia and Europe and support a more integrated global economy.
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