The MOUs provide for broadening of cooperation in trade, economy, judicial affairs, and telecommunications.
One eliminates double taxation of investments and another deals with the extradition of criminals.
Since Kyrgyzstan gained its independence from the Soviet Union in 1991, it has boosted ties with many countries, Central Asia states in particular, so as to develop its economic and political independence.
Joining the Economic Cooperation Organization (ECO) with the other Central Asian states and signing over 70 MOUs on banking, tourism, agriculture, and the anti-drug campaign were among Bishkek's measures to develop its relations with regional states.
Tehran and Bishkek also signed five MOUs in the fields of economy, policy, culture, and the anti-drug campaign during President Mohammad Khatami’s visit to Kyrgyzstan in April 2002.
Iran-Kyrgyzstan trade exchanges reached $40 million in 2002 from $13 million in 1998, and, based on the significant agreement signed at the sixth meeting of the two countries' joint economic commission in Tehran, Iran and Kyrgyzstan pledged to develop trade and economic cooperation between state-owned and private businesses, which is expected to boost bilateral trade from $40 million to $200 million annually.
Realizing this goal, which depends on the efforts of the two sides’ high-ranking officials, would significantly improve bilateral ties.
Facilitating economic activities of Iranian companies in Kyrgyzstan via a $10-million loan are among the measures Iran has taken to boost relations with the Republic of Kyrgyzstan.
According to political analysts, developing trade and economic relations between Central Asian region countries such as Iran and Kyrgyzstan, besides being mutually beneficial economically, would also enhance security and economic and political stability in the region and help prevent foreign influence and military intervention.\SN\HG\