(MENAFN- AzerNews)
By Vugar Khalilov
Kazakhstan's President Kassym-Jomart Tokayev will pay an
official visit to Baku on August 24 at the invitation of
Azerbaijani President Ilham Aliyev, Azernews reports, citing the
Kazakh media.
Tokayev and Aliyev will hold both extended and narrow-format
meetings to discuss strategic cooperation in trade, economics,
transportation, logistics, cultural, and humanitarian spheres. The
presidents are expected to sign bilateral agreements following
their meetings.
Presently, over 700 companies with Azerbaijani capital are
registered in Kazakhstan, and about 60 companies with Kazakh
capital are registered in Azerbaijan.
The main export products from Kazakhstan to Azerbaijan are
mineral resources (oil and gas), chemical raw materials, grain,
barley, tobacco products, carbon steel rolling, and electrical
equipment. Azerbaijan exports petroleum products extracted from
bituminous materials, ethylene polymers, components for machines
and mechanisms, prefabricated buildings, etc. to Kazakhstan.
The trade turnover between Azerbaijan and Kazakhstan amounted to
$332.2 million in 2021.
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