Baku to host Azerbaijan-Kazakhstan Business Forum

Photo: Baku to host Azerbaijan-Kazakhstan Business Forum / Economy news

Baku, Azerbaijan, Feb.28

By Emin Aliyev- Trend:

Baku will hold Azerbaijani-Kazakh business forum on Feb. 28, the Azerbaijani Ministry of Economy and Industry reported on Feb. 26.

The business forum will be held during the two-day visit of the delegation headed by Kazakhstan's Mangistau Region Governor (akim) Alik Aydarbayev to Azerbaijan.

"The delegation will meet with officials, as well as will visit several enterprises, operating in Azerbaijan during the visit," the statement said.

The previous business forum was held in Baku in August last year. A memorandum of understanding was signed among Azersun Holding, Azerbaijan Export and Investment Promotion Fund (AZPROMO) and JSC Special Economic Zone "Seaport Aktau". Azersun Holding will build a large logistics center in the Mangistau region of Kazakhstan.

The trade turnover between the two countries amounted to $ 370.99 million in 2013, according to the Azerbaijani State Customs Committee (SCC). Some $64.23 million accounted for export of Azerbaijani products to Kazakhstan, and $ 306.76 million for import. The trade turnover between the two states decreased by 5.7 for a year compared to $ 393.43 million in 2012.

The main products of Kazakhstan's exports to Azerbaijan are mineral resources (oil and gas), chemical raw materials, grain, barley, tobacco products, rolled carbon steel, electrical equipment. Kazakhstan imports oil from bituminous materials, polymers of ethylene,
components for automobile and machinery, prefabricated buildings.

Translated by S.I.
Edited by C.N

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