Armenia advocates for expanding the multi-faceted agenda of economic cooperation with Kazakhstan. This was stated by Prime Minister Nikol Pashinyan following talks with Kazakh President Kassym-Jomart Tokayev in Yerevan on April 15.
As the Armenian Prime Minister noted, during the negotiations, emphasis was placed on the holding of the jubilee 10th session of the intergovernmental commission on economic cooperation between the two states on April 2, as well as a business forum in Yerevan.
"In this context, my colleague and I outlined the possibilities for further expanding the multi-faceted agenda of economic interaction, aimed at revealing new promising directions and strengthening cooperation between the two states through the implementation of mutually beneficial projects, including in the transport and logistics sphere," said Pashinyan.
Despite the ongoing growth in bilateral trade turnover between the two countries, according to Pashinyan, the parties believe that there is still unrealized potential for the development of trade and economic cooperation, attracting investments, developing infrastructure connections, and trade. "In this regard, we welcome the recent visit of the Kazakh business mission to Armenia," said the Armenian Prime Minister.
The Prime Minister added that during the meeting with the President of Kazakhstan, they discussed prospects for cooperation in the fields of education, culture, high technologies, as well as opportunities for decentralized cooperation. "There are discussions about creating, on a reciprocal basis, a park named after the creator of Armenian literature, Saint Mesrop Mashtots, in Astana, and a park named after the Kazakh poet and founder of Kazakh literature Abay Kunanbayev in Yerevan," said Pashinyan.
Earlier, BMG reported that in 2023, the foreign trade turnover between Armenia and Kazakhstan increased by 2.4 times, reaching $100.5 million. During this period, exports grew by 3.8 times, reaching $71.3 million, while imports increased by 23.6%, totaling $29.2 million.
Recently, Kazakhstan's Minister of Foreign Affairs Murat Nurtleu announced plans to establish an Armenian-Kazakhstani Business Council as part of further development of trade and economic programs between the two countries.
