Cooperation between Kazakhstan and Armenia
This year the trade turnover between Kazakhstan and Armenia increased by 38% and reached US$2 million 600,000. According to the Kazakh ambassador to Armenia, Timur Urazayev, the positive dynamics continues to strengthen despite negative trends in the global economy. Today Kazakhstan exports pharmaceutical, chemical industry, grain processing, paper and cardboard products to Armenia. Whereas Armenia exports jewelry, food products, stone and gypsum to Kazakhstan. According to the diplomat, positive changes are also visible in private transfers to Armenia. On average, this figure is US$20-25 million per year, but in 2017 it can significantly increase.
TIMUR URAZAYEV, KAZAKH AMBASSADOR TO ARMENIA:
- This year, apparently, it will reach a record level because statistics show a revival of the economic activity. I think by the end of the year this amount of private transfers will reach US$40 million. Armenia, as a partner in the Eurasian Union, is very active and ready to work not only in the trade, but also in the investment.
Today, Kazakhstan and Armenia develop relations in all areas. Especially, the countries focus on the transport accessibility. Currently, the possibility of the Kazakh investors' participation is underway in construction of an automobile corridor through Armenia ‘North-South’, development of multimodal logistics through the Caspian Sea, as well as construction of the Megri special economic zone.