Azerbaijan, Kazakhstan to sign Memorandum of Understanding

Oct. 24. Trend

By N.Ismayilova

Azerbaijan, Kazakhstan to sign Memorandum of UnderstandingThe Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and JSC “National Agency for Export and Investment KAZNEX INVEST will today sign a Memorandum of Understanding on mutual cooperation issues, AZPROMO President Adil Mammadov told journalists on Monday.

The Memorandum will be signed within the framework of the Azerbaijan-Kazakhstan business forum held in Baku.

President Mammadov said: “It will provide support in terms of investment, development of entrepreneurship and of increasing of public support.”

Mammadov said the business forum will be attended by about 80 Kazakh and Azerbaijani companies which operate in different sectors such as agriculture, food processing, energy, construction and engineering.

He went on: “The Azerbaijani companies are interested in cooperation with the Kazakh companies and in particular, the establishment of linking with Western Kazakhstan. Recently, Azerbaijani companies became active in Aktau, including road construction.”

Deputy chairman of the KAZNEX INVEST board Meyrzhan Maykenov said Azerbaijan and Kazakhstan had enjoyed historically good relations.

He said: “The Kazakh companies are willing to work with companies and Azerbaijan government departments on establishing cooperation in various mutual areas.”

A Kazakh delegation of 21 companies is interested in cooperation with the oil and gas sector and in particular the field of joint enterprise in the engineering sector, as well as the delivery of food supplies, building materials and pharmaceuticals,

AZPROMO was established in 2003 by the Azerbaijani Economic Development Ministry and its activities are aimed at supporting the development of non-oil sector. The Board of Trustees consists of 92 representatives from various ministries and departments, international organizations, as well as the private sector.

KAZNEX INVEST was also created in 2003. It is one of Kazakhstan’s national development institutions designed to promote diversification of the national economy by creating more favorable conditions for development and advancement of Kazakhstan’s non-commodity exports and foreign direct investment in priority sectors of the economy.


Kazakhstan to Increase Grain Export to Azerbaijan

Oct 24. Journal of Turkish Weekly

Kazakhstan plans to export more than 1 million tons of grain to Azerbaijan this year. Kazakh Ambassador Serik Primbetov announced it at a business form in Baku on Monday.

“This year, Kazakhstan harvested a record crop of grain – 28 million tons. We are ready to increase grain supplies to Azerbaijan. It all depends on the prices that we offer, opportunities for rail transport and business initiatives,” the diplomat emphasized.

According to him, last year Kazakhstan exported more than 1 million tons of grain to Azerbaijan. “This year we plan to increase the volume of export to the level of 2010.”

“Commodity circulation between the two countries in comparison with 2008 has decreased considerably. We want to bring up the trade turnover to the pre-crisis level of USD 440 million,” Primbetov said.