Friday, November 8, 2024

Kazakhstan and Italy Forge ‘Made in Kazakhstan with Italy’ Commerce Mark to Increase SMEs

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In a big transfer to reinforce bilateral commerce, Kazakh Minister of Commerce and Integration Arman Shakkaliyev met with Italy’s Minister of Enterprise and Made in Italy Adolfo Urso in Rome on March 12, heralding the proposal of a brand new unified idea: “Made in Kazakhstan with Italy”. This initiative, stemming from agreements between the Presidents of Kazakhstan and Italy earlier in January, goals to ascertain a trademark for items produced collectively by small and medium-sized enterprises (SMEs) in each nations.

Strengthening Bilateral Commerce

Shakkaliyev underscored the notable export potential of processed items from Kazakhstan to Italy, which exceeds $260 million, with natural meals merchandise standing out for his or her vital advantages. Among the many highlighted merchandise have been natural chilled horse meat, caviar, and honey, tapping into Italy’s annual horse meat imports valued over $140 million. To additional help home manufacturing, Kazakhstan plans to introduce a register of products of Kazakhstan origin, aimed toward offering quick access for stakeholders and eligibility for presidency help.

Fostering Sustainable and Socially Accountable Commerce

Throughout the assembly, Urso expressed his help for the initiative, emphasizing the worldwide recognition of the “Made in Italy” idea and its affiliation with sustainability and social accountability. He highlighted the significance for Kazakh producers to tell apart their merchandise underneath the “Made in Kazakhstan” model to face out within the aggressive market. The discussions additionally concerned Maria Tripodi, the Italian Undersecretary of State for International Affairs and Worldwide Cooperation, who emphasised the vital function of SMEs in each nations’ economies and the potential for cooperative ties throughout numerous sectors.

Future Collaborations and Developments

The implementation of those agreements might be overseen by an intergovernmental working group, with additional discussions on the group of the Ministerial Convention within the Italy + Central Asia format scheduled for Could. This collaborative effort symbolizes a big step in direction of enhancing commerce relations and financial cooperation between Kazakhstan and Italy, doubtlessly setting a precedent for related partnerships between nations.

As Kazakhstan and Italy embark on this progressive partnership, the “Made in Kazakhstan with Italy” trademark may function a mannequin for worldwide collaboration, leveraging the strengths of SMEs to foster financial development and sustainability. This initiative not solely underscores the significance of figuring out and selling distinctive product options but in addition highlights the potential for mutual advantages by means of cooperative worldwide commerce agreements.

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