Value Of Contracts Signed Within Azerbaijan-Kazakhstan Trade Mission Disclosed
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 7. Within the trade
mission that is taking place in the Azerbaijani capital, Baku,
eight contracts have been signed, the value of which exceeded $55
million, Serik Zhumangarin, Deputy Prime Minister, Minister of
Trade and Integration of Kazakhstan, said during the 19th meeting
of the Azerbaijan-Kazakhstan Intergovernmental Commission, trend reports.
The deputy PM noted the success of the trade mission in Baku and
suggested continuing the practice of mutual missions on a
semi-annual basis.
Zhumangarin also spoke about the continuous development of the
strategic relations between Azerbaijan and Kazakhstan.
Moreover, the deputy PM underlined the importance of the
“Comprehensive Program on the Development of Cooperation between
the Republic of Azerbaijan and the Republic of Kazakhstan for
2022-2026”, which was signed by the two countries during the visit
of the President of Kazakhstan Kassym-Jomart Tokayev in August
2022.
With regard to the development of trade relations, Zhumangarin
pointed out that the trade volume of 400-500 million manat (about
$294 million) is a low figure. The minister, saying that the
Azerbaijani market is important for Kazakhstan, also added that
Baku and Kazakhstan's Astana have a greater potential that needs to
be carried out.
In the framework of transit and transport cooperation, the
minister emphasized the importance of partnership with Azerbaijan,
noting that they are interested in eliminating bottlenecks within
the Trans-Caspian International Transport Route (TMTM). At the same
time, he highlighted the importance of establishing a joint venture
between Azerbaijan and Kazakhstan to increase the effectiveness of
cooperation within the framework of TMTM.
Furthermore, Zhumangarin informed the commission participants
about the work on the creation of a joint venture in the framework
of the project on laying a fiber-optic communication line (FOCL).
He also mentioned that Kazakhstan is working on establishing the
necessary infrastructure and resolving issues related to the
financing of this project.
MENAFN07042023000187011040ID1105962414
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.