Azer­bai­jan, Kaza­khstan see two-times in­crease in trade

Azer News - - Front Page - By Narmina Mam­madova

An in­crease in trade turnover be­tween Azer­bai­jan and Kaza­khstan was noted by the En­ergy Min­is­ters of two coun­tries.

An in­crease in trade turnover be­tween Azer­bai­jan and Kaza­khstan was noted by the En­ergy Min­is­ters of two coun­tries.

The trade turnover for eight months be­tween Kaza­khstan and Azer­bai­jan in­creased by 2.1 times com­pared to last year, Kazakh En­ergy Min­is­ter Kanat Bozum­bayev said ahead of the 15th meet­ing of the Kaza­khstan-Azer­bai­jan In­ter­gov­ern­men­tal Com­mis­sion on Eco­nomic Co­op­er­a­tion

“That is about $168 mil­lion. In 2017, an in­struc­tion was given to dou­ble the turnover in the next 2-3 years. But we as­sume that if such trends con­tinue, then we will have to com­plete the task of dou­bling the turnover pre­ma­turely, be­fore the end of the year. It is im­por­tant that the Azer­bai­jani side, at our re­quest, has re­sumed pur­chases of Kazakh grain. This also gave rise to a turnover,” he added.

Ex­ports have more than dou­bled and im­ports have grown by about 75-76 per­cent for eight months, Bozum­bayev stated.

“The Azer­bai­jani side sup­plies metal struc­tures, fer­rous metal prod­ucts, pipes, and so on, which is used in the west of the coun­try when con­duct­ing oil op­er­a­tions and up­grad­ing the Ten­giz field. We, in turn, sup­ply agri­cul­tural, en­gi­neer­ing and petroleum prod­ucts,” the Kazakh min­is­ter ex­plained.

Parviz Shah­bazov also ex­pressed his opin­ion on the results of co­op­er­a­tion for the cur­rent pe­riod.

“Over the past pe­riod of 2018 there was a se­ri­ous in­crease in trade turnover. We have such a wide range of mu­tual co­op­er­a­tion cov­er­ing a lot of ar­eas - eco­nomics, cul­ture, hu­man­i­tar­ian is­sues, that it is very dif­fi­cult to an­swer this ques­tion un­equiv­o­cally. We have mul­ti­lat­eral co­op­er­a­tion on al­most all is­sues,” he said.

“To­day is the 15th meet­ing of our in­ter­gov­ern­men­tal com­mis­sion, where we will sum­ma­rize the results of the past year. We have a very lengthy and in­for­ma­tive draft doc­u­ment that we are go­ing to sign to­day. And I be­lieve that we will do even more work in con­tin­u­a­tion of our work last year within the frame­work of the roadmap,” Parviz Shah­bazov added.

It is worth not­ing that ex­ports from Kaza­khstan to Azer­bai­jan in Jan­uary-Au­gust 2018 amounted to $134.6 mil­lion, which is 115.3 per­cent higher than in the same pe­riod of 2017 ($62.5 mil­lion).

Im­ports to Kaza­khstan from Azer­bai­jan in Jan­uary-Au­gust 2018 amounted to $33.5 mil­lion, which is 75.7 per­cent more com­pared to the same pe­riod last year ($19.1 mil­lion).

Speak­ing to re­porters later, Kanat Bozum­bayev said that Kaza­khstan and Azer­bai­jan are dis­cussing the pos­si­bil­ity of build­ing a plant for the pro­duc­tion of liq­ue­fied nat­u­ral gas in western Kaza­khstan.

“We are con­sid­er­ing the is­sue of con­struc­tion of a liq­ue­fied gas pro­duc­tion plant in Ak­tau for its fur­ther ex­port to and transit through Azer­bai­jan. These is­sues are on the agenda,” Bozum­bayev said.

In ad­di­tion, he said, the pos­si­bil­ity of cre­at­ing a joint ven­ture in Kaza­khstan in the field of petroleum en­gi­neer­ing is be­ing dis­cussed with Azer­bai­jan.

"Azer­bai­jan has a de­vel­oped petroleum en­gi­neer­ing in­dus­try. We are now dis­cussing the cre­ation of such plants in Kaza­khstan with the par­tic­i­pa­tion of Azer­bai­jani cap­i­tal, and us­ing their ex­pe­ri­ence, skills, and tech­nolo­gies, in or­der to sell the prod­ucts to oil com­pa­nies in the fu­ture," the Kazakh min­is­ter said.

He stressed that since petroleum en­gi­neer­ing prod­ucts are im­ported by for­eign com­pa­nies in large quan­ti­ties for the de­vel­op­ment of fields, the joint ven­ture may start its ac­tiv­i­ties with the assembly of oil and gas en­gi­neer­ing equip­ment.

Bozum­bayev also said the rail­way ad­min­is­tra­tions of the two coun­tries are dis­cussing the pos­si­bil­ity of sup­ply­ing rail­cars and lo­co­mo­tives to Azer­bai­jan on pre-ex­port financing terms.

Azer­bai­jan and Kaza­khstan are both Tur­kic coun­tries and share close his­tor­i­cal, re­li­gious and cul­tural ties. Azer­bai­jan and Kaza­khstan strive to strengthen part­ner­ships and mu­tu­ally ben­e­fi­cial re­la­tions for the ben­e­fit of their peo­ples and coun­tries, to ex­pand the po­ten­tial of eco­nomic in­te­gra­tion and de­vel­op­ment of the en­tire Eurasian re­gion.

Coun­tires are in­ter­ested in in­ten­si­fi­ca­tion of co­op­er­a­tion in many ar­eas, par­tic­u­larly lo­gis­tics and in­fra­struc­ture to­day. Azer­bai­jan and Kaza­khstan, be­ing the Caspian lit­toral states, are a nat­u­ral bridge con­nect­ing the West and the East. Thus, the new stage of the co­op­er­a­tion in the field of trans­port, en­ergy and trade opens an­other door for Europe to the East.

At the same time, the part­ner­ship be­tween two states is not lim­ited to trade is­sues. The ac­ces­sion of Kaza­khstan to the Baku-Tbil­isi-Cey­han oil pipe­line in 2006 opens up broad prospects for the states to strengthen their po­si­tions both at the re­gional level and in the in­ter­na­tional arena.

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