TODAY.AZ / Business

Azerbaijani products to be on show in Kazakhstan

19 April 2017 [14:32] - TODAY.AZ

By Azernews

By Sara Israfilbayova

More than 20 Azerbaijani companies-exporters, engaged in production of cosmetics, alcoholic and non-alcoholic drinks, fruit and vegetables, canned food, tea, as well as machine building, chemical and light industry, will present their products in Kazakhstan on April 23-26.

The main goal of the trade mission to Kazakhstan is to strengthen and intensify bilateral trade and economic cooperation of business circles, as well as familiarize the Kazakh side with the commercial potential of Azerbaijan.

Azerbaijan  and Kazakhstan, being neighbors in the Caspian Sea, the most important points of cooperation appear to be the contacts on energy issues, oil transportation, agriculture, and the use of the Caspian Sea as an important international traffic artery.

Now Azerbaijan and Kazakhstan are working on promotion of a joint transport project - the Trans-Caspian International Transport Route (TITR), which involves cargo transportation from China via Kazakhstan, Azerbaijan, Georgia and further via Turkey and Ukraine to Europe.

Both Kazakhstan and Azerbaijan attach great importance to the development of bilateral trade and economic ties. There is a successfully operating Intergovernmental Commission, and business forums are held regularly. Today, 37 Kazakh companies involved in different sectors of economy are successfully doing their business in Azerbaijan. In a western region of Kazakhstan alone, a total of 46 companies with Azerbaijani capital are registered.

The main export items from Kazakhstan to Azerbaijan are mineral resources (oil and gas), chemical raw materials, grain, barley, tobacco products, carbon steel and electrical equipment.

Trade turnover between Azerbaijan and Kazakhstan amounted to almost $124.4 million in 2016, including more than $26 million that accounted for the export to Kazakhstan, according to Azerbaijan’s State Customs Committee.

The Azerbaijani diaspora in Kazakhstan comprised of more than 130 thousand people is actively involved in political and economic life of the country, making a significant contribution to strengthening of the warm and friendly relations between our peoples.


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