(MENAFN- AzerNews)
By Ayya Lmahamad
Energy Minister Parviz Shahbazov has said that the trade
turnover between Azerbaijan and Kazakhstan increased by more than
six times and amounted to $215 million in the first four months of
the year.
He made the remarks while chairing the 18th meeting
of the joint intergovernmental commission on trade and economic
cooperation between Azerbaijan and Kazakhstan in Nur-Sultan.
Noting that the trade relations between the two countries are
developing dynamically, he stated that there is great potential for
a further increase in the volume of transactions in all areas of
trade cooperation. In this regard, he emphasized that cooperation
between mutual trade-economic missions and representatives of the
private sector and the trading houses of the two countries in Baku
and Nur-Sultan play an important role.
The minister invited Kazakh investors to take advantage of the
unique investment opportunities and favorable business conditions
in the Alat Free Economic Zone. He added that Azerbaijan is ready
to exchange information on important economic projects in order to
attract mutual investments.
“We appreciate Kazakhstan's interest in participating in
projects for the restoration and reconstruction of the liberated
territories of our country. Taking into account the importance of
joint efforts to increase the transit potential of our countries,
we are ready to continue and deepen cooperation within the
development of the Trans-Caspian East-West Middle Corridor, new
transit and transport opportunities in the region, as well as the
Zangazur corridor as a perspective part of the Middle Corridor,” he
said.
In his speech, Shahbazov also touched upon the cooperation of
the traditional energy carriers, as well as the great potential for
cooperation in the field of energy efficiency, measures to expand
the use of renewable energy with private investment attraction,
exchange of knowledge and best practices.
Moreover, the minister noted that Azerbaijan and Kazakhstan are
united by deep historical roots and strong brotherly relations
sealed with many years of successful cooperation experience. He
added that thanks to the political will of the heads of states, the
relations between the two countries are developing successfully and
joint projects are being actively implemented. Shahbazov also noted
that the comprehensive program on the development of cooperation
between Azerbaijan and Kazakhstan for 2022-2026, which is at the
stage of coordination, is of great importance in deepening
bilateral cooperation and will be a road map for the development of
dialogue.
In turn, Kazakh Trade and Integration Minister, Deputy Prime
Minister Bakhyt Sultanov stressed that Azerbaijan has always been
and remains a reliable partner of Kazakhstan.
“This year we are celebrating the 30th anniversary of the
establishment of diplomatic relations. Over these years, an
effective dialogue has been established in the political, trade,
economic, cultural, and humanitarian spheres,” he said.
The minister also expressed interest in participating in the
restoration and reconstruction works carried out in Azerbaijan's
liberated lands.
During the event, the work done over the period past since the
17th meeting of the intergovernmental commission in Baku was
reviewed. A total of 12 issues, such as economy, energy, transport
and logistics, space and information technologies, agriculture and
food security, tourism, employment, and social protection, culture,
sport and youth policy, health, education, innovation, and digital
solutions, were discussed within the protocol project of the
commission meeting.
At the end of the meeting, a protocol was signed on the outcome
of the 18th meeting of the joint intergovernmental commission. In
addition, it is agreed to hold the 19th meeting of the commission
in Baku next year.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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@AzerNewsAz
- Tags:
- Azerbaijan
- Kazakhstan
- Parviz Shahbazov
- Azerbaijan's Energy Ministry
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