29.08.2012, 18:36 13121

Steps undertaken towards increase of trade turnover between Armenia and Kazakhstan

In 2010 trade turnover made 11 million dollars, yet by the info of the previous year trade turnover volume amounted 3 million dollars.

Almaty. August 29. Kazakhstan Today - Trade turnover is the most vulnerable point amid Armenian-Kazakh relations. The issue has objective reasons, the lack of direct transport corridor inclusive, Ambassador extraordinary and plenipotentiary of Kazakhstan to Armenia Aiymdos Bozzhigitov said in the briefing with the journalists in Yerevan, Kazakhstan Today reports.

"Though trade and economic relations have always been in the centre of attention, nevertheless its level does not coincide with that of political cooperation level," Ambassador said.

In his words in 2010 trade turnover made 11 million dollars, yet by the info of the previous year trade turnover volume amounted 3 million dollars.

"It is direct trade turnover, whether we know it is conducted by the intermediary countries. In this regard reportedly the rate is higher. Trade turnover has tendency to decrease, surely we are stepping up efforts to increase it," Bozzhigitov noted.

Over 23 enterprises are operating currently in Armenia by Kazakhstan investment, in comparison 60 enterprises being invested by Armenia are operating in Kazakhstan. Armenia exports grain and metals from Kazakstan and imports stone elaboration equipment, alcoholic beverages, and particularly Armenian cognac. In the future two countries are set to cooperate in innovation technologies sphere, which is not conditioned by transport means.

Unlike trade turnover legal contractual base is being expanded and strengthened between the two countries. Bilateral relations penetrate into other spheres. Legal-contractual base comprises 33 documents at interstate, intergovernmental, interdepartmental levels. In accordance with the official info of Armenian Foreign Affairs Ministry, raw materials, provisions and metals make basic article of import, while plastic, caoutchouc, rubber, footwear and caps make basic article of export.

This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.

Found an error in the text?

Select the error and press Ctrl + Enter at the same time.

relevant news

Most viewed