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Kazakh-Austrian trade turnover attains $3 bln in Jan-Oct

Business Materials 21 November 2011 13:36 (UTC +04:00)

Azerbaijan, Baku, Nov. 21 / Trend E. Kosolapova/

The Kazakh-Austrian trade turnover increased to $3 billion in January to October 2011 compared to $2.75 billion in 2010 in total, Kazakh Khabar agency reported quoting Kazakh Deputy Foreign Minister Konstantin Zhigalov said.

"Despite the crisis, which the world is going through, our economic and trade cooperation is flourishing," Konstantin Zhigalov said in Vienna at the 3rd session of the Kazakh-Austrian intergovernmental commission on cooperation in economy, agriculture, environment, industry and technology.

According to Austrian Deputy Federal Minister of Economy, Family and Youth, Bernadette Herlinger, the two countries have high level of relations.

"Energy cooperation is very important, since 27 percent of imported oil by Austria comes from Kazakhstan," Herlinger said.

The parties of the two countries agreed to hold next meeting of the intergovernmental commission in Astana in autumn of 2012 to prepare a new meeting of countries' leaders at the high level.

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