(MENAFN- AzerNews)
By Sabina Mammadli
The trade turnover between Kazakhstan and Azerbaijan for the
first half of 2022 increased by 3.1 times, Kazakhstan's Ministry of
Trade and Integration (MIT) reported.
According to the information, the trade turnover between the two
countries for the first half of 2022 amounted to $194.1 million,
which is 3.1 times higher than the same period in 2021.
The growth in exports to Azerbaijan is associated with an
increase in the supply of wheat - 11.6 times, oil products - an
increase of 2.7 times, electric railway locomotives - 6.4 times,
rail - by $ 7.5 million, waste and scrap of ferrous metals - by
$5.3 million, mineral fertilizers - by $3.4 million.
Similarly, Azerbaijan's Small and Medium Business Development
Agency Chairman Orkhan Mammadov and General Director of QazTrade
Trade Policy Development Center JSC Azamat Askaruly discussed
holding joint events to develop cooperation and increase trade
turnover between the business of Azerbaijan and Kazakhstan.
The ties between the two countries are rapidly evolving taking
into account the current geopolitical situation.
Representative of Kazakhstan's Ministry of Industry and
Infrastructure Development Zeinolla Akhmetzhanov stated that
Azerbaijan is becoming a' new window on Europe' for the country,
Day.az reports.
'It is through Baku that there will be an alternative route for
oil produced in our republic, which for 30 years of independence
remains the main source of income for the country's budget,'
Akhmetzhanov said.
The Trans-Caspian International Transport Route runs through
China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and
further to Turkiye and European countries. Despite the fact that
transit through Russia is cheaper and faster, the Trans-Caspian
route is still quite viable, Yerlan Absatov, General Director of
the Union of Transport Workers of Kazakhstan KAZLOGISTICS said.
'If in 2017 we transported 500 containers along the
Trans-Caspian route, by the end of 2021 their number has increased
to 25,000. So there is a positive trend,' Absatov said.
According to him, the capacity of container traffic through the
South Caucasus is six million tons, and today the load has reached
95 percent.
'The growth of traffic is a clear signal for the expansion of
the current capacity of the Trans-Caspian route,' Absatov
stressed.
Kazakhstan and Azerbaijan are marking the 30th anniversary of
diplomatic ties in 2022. For over a third of a century, both
states, regarded as locomotives of their regions, are making great
strides in political, economic, cultural, and humanitarian
spheres.
Azerbaijan today is a key trade and economic partner of
Kazakhstan in the South Caucasus.
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Sabina Mammadli is AzerNews' staff journalist, follow her on
Twitter: @SabinaMmdl
Follow us on Twitter @AzerNewsAz
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