The Ministry of Trade of Kazakhstan and the Ministry of Economy of Azerbaijan signed a Memorandum on trade cooperation

A number of high-level meetings were held within the framework of the working visit of the Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov to the Republic of Azerbaijan.

Thus, during the meeting with the Minister of Economy of the Republic of Azerbaijan Mikail Jabbarov, the parties discussed the potential for increasing bilateral trade turnover.

- The data on the trade turnover of our countries clearly show that we do not use the existing potential of cooperation. Kazakhstan is ready to increase the supply of goods in demand by the Azerbaijani economy in the near future: in the metallurgical industry, in the food industry, the petrochemical industry, etc. Azerbaijan has an interest in our construction industry products. Among other things, we have access to their food industry and petrochemicals, " Bakhyt Sultanov noted.

The Azerbaijani side confirmed its readiness to intensify work on deepening trade and economic cooperation.

The Ministry of Trade and Integration of the Republic of Kazakhstan and the Ministry of Economy of the Republic of Azerbaijan signed a Memorandum on trade Cooperation aimed at developing and strengthening cooperation in the field of trade on a mutually beneficial and fair basis.

In particular, the parties agreed to exchange experience in such areas as the development of domestic and foreign trade, the development and promotion of exports of non-primary goods and services, the improvement of trade infrastructure, the development of e-commerce, as well as to promote dialogue between the public and private sectors. It was also agreed to work together to identify barriers to trade and to find mutual solutions to reduce and eliminate such barriers.

Kazakhstan and Azerbaijan also agreed to promote cooperation between the enterprises of the two countries, including the promotion of trade in certain goods of their countries.

These days, the Trade and Economic Mission of the Republic of Kazakhstan is being held in Baku. 19 Kazakhstani companies present their export opportunities. More than a hundred AR companies have shown interest in domestic business.

Bakhyt Sultanov also discussed with the head of the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan Rashad Nabiyev issues of cooperation in the framework of expanding and modernizing the infrastructure of the Trans-Caspian International Transport Route (TMTM).
In particular, they discussed the possibility of industrial cooperation in the border trade and logistics hubs created by Kazakhstan.

There was also a meeting of the Minister of Trade and Integration of the Republic of Kazakhstan B.Sultanova with the Minister of Defense Industry of the Republic of Azerbaijan Madat Guliyev. The parties discussed the possibility of the military-technical sphere. In particular, the possibility of delivery and organization of service maintenance of products of "Kazakhstan Paramount Engineering".