(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 5. The 18th meeting of
the Joint Intergovernmental Commission on Trade and Economic
Cooperation between Azerbaijan and Kazakhstan was held in
Nur-Sultan, Trend reports with reference to Azerbaijani energy Ministry.
The meeting was attended by delegations of two countries headed
by co-chairs of the commission - Azerbaijani Minister of Energy
Parviz Shahbazov and Kazakh Deputy Prime Minister - Minister of
Trade and Integration Bakhyt Sultanov.
A bilateral meeting of co-chairs took place and an exchange of
views was held on issues of cooperation between the two countries
and the agenda of the commission's meeting.
Shahbazov, during his speech at the meeting, noted that the
comprehensive program on the development of cooperation between
Azerbaijan and Kazakhstan until 2026, which is under the agreement,
is of great importance in the context of deepening bilateral
cooperation and will become a roadmap for the development of
dialogue between two countries.
Minister emphasized that trade relations between Azerbaijan and
Kazakhstan are developing dynamically.
'Azerbaijan's trade turnover with Kazakhstan increased more than
six times over the first four months of 2022 compared to the same
period 2021 and amounted to $215 million,' he said.
'At the same time, we believe that there is great potential for
a further increase in operations in all areas of trade cooperation.
An important role in this direction is played by mutual trade and
economic missions, also cooperation between representatives of the
private sector and trading houses of our countries in Baku and
Nur-Sultan,' Shahbazov noted.
Kazakh investors were invited, to the meeting, to take advantage
of the unique investment opportunities and favorable business
conditions that exist in Azerbaijani Alat Free Economic Zone (Alat
FEZ).
'We welcome the interest of the Kazakh side in participating in
projects for restoration and reconstruction of Azerbaijani
territories liberated from occupation,' the minister said.
'Considering that joint efforts to increase the transit
potential of our countries are important, we are ready to continue
and deepen cooperation in the framework of the development of
Trans-Caspian Middle East-West Corridor, new transit and transport
opportunities in the region, also Zangazur Corridor as a promising
component of Middle Corridor,' Shahbazov added.
Kazakh PM noted that Kazakhstan is interested in participating
in the restoration work carried out in Azerbaijani territories
liberated from occupation.
The protocol was signed during the meeting.
The sides agreed to hold the next meeting of the
intergovernmental commission in Baku in 2023.
MENAFN05072022000187011040ID1104480347
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.