Indo-Kazakhstan Trade: Barriers and Prospects

Abstract

The degree of Indo-Kazakhstan bilateral trade is not so relevant but it has been growing fast in last few years. This increase is exhibiting increasing role of the republic in India’s trade. As per Indicative Trade Potential (ITP), there exists a vast scope to increase and diversify this bilateral trade. India has major potential in machinery and transport while Kazakhstan can expand the exports from its traditional sectors of mineral and metals. Potential in different products reveals the opportunity for diversify the trade in future. It would enhance the benefits for both the countries in long term.