Tatyana Gracheva

As the Ministry of Finance announced on Tuesday, the project for the construction of a joint border crossing point between Georgia and Azerbaijan for further developing regional trade and transit has been discussed at the meeting between Georgian Finance Minister Lasha Khutsishvili and Shane Rosenthal, the Asian Development Bank Country Director for Georgia.
An agreement on establishing the crossing point on the border has already been signed by the two countries, and the aim of today’s meeting was to discuss ADB’s involvement, as both countries are member states of the Bank.
As Rosenthal said at the meeting, further development of infrastructure of border crossing points is a “logical continuation of the large road infrastructure projects already supported by the Asian Development Bank”.
According to the Country Director, the utilization of the transit potential between Georgia and Azerbaijan and the process of establishing the former country as a transit hub would be “significantly contributed” to by the checkpoint.
Traffic bridging between Georgia and Azerbaijan is being operated by the following checkpoints: Boyuk-Kasik in Azerbaijan and Gardabani in Georgia, Mazymgara in Azerbaijan and Tsodna in Georgia, Ipek Yolu in Azerbaijan and Abreshumis Gza in Georgia, Sadakhli Azerbaijan and Vakhtangisi in Georgia, Mughanli in Azerbaijan and Samtattskaro in Georgia, as well as the Red Bridge crossing between the two countries.

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A 43.5% increase was shown by Armenia – Iranian trade in the first 10 months of 2022. According to Armenian Deputy Economy Minister Armen Arzumanyan, it rose from $390 million to around $560 million in the reporting period.
Good business cooperation between the countries was noted by Arzumanyan. He also added that it was necessary for its further development to identify all issues in order to step up economic activity.
The Minister mentioned the extensiveness of the Iranian market, but also a problem of its self-sufficiency. He expressed his confidence in a possibility to find out what they could do to export Armenian food, agricultural and other products to this market, which is by and large familiar with Armenian produce.
Armenia’s National Statistical Committee reports that trade turnover between Armenia and Iran in January-October 2022 reached about $565.5 million (a 45.3% increase). Armenian exports to IRI totaled about $92 million (an 82.4% increase year-on-year). A growth by 39.1% (to $474.3 million) was attained by imports from Iran.

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According to Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi, Lithuania is among 10 largest trade partners of the country in the EU and 20 largest trade partners in the world. As Kazinform correspondent reports, it was said on Tuesday during Lithuania’s Minister of Foreign Affairs Gabrielius Landsbergis’ official visit to Astana.
An important historic milestone – 30 years since the establishment of diplomatic relations between Kazakhstan and Lithuania – was marked by the visit. Minister Tileuberdi said that a trust-based dialogue at all levels instrumental in strengthening of constructive relations and mutually profitable cooperation in bilateral and multilateral formats has been sustained all these years by the countries.
According to Minister Tileuberdi, the spirit and principles of the Treaty between the Republic of Kazakhstan and the Republic of Lithuania on mutual understanding and cooperation signed on November 7, 1993 in Almaty are fully kept during the development of relations between Astana and Vilnius.
The fact that Lithuania was one of the first countries in 2016 to ratify the EU-Kazakhstan Enhanced Partnership and Cooperation Agreement underpinning Kazakhstan’s cooperation with EU member states in 29 areas was pointed out by the Kazakh Foreign Minister.
He also highlighted that disruptions in traditional logistics chains trade turnover between the two countries didn’t prevent it from achieving a 2.1fold increase ($500.4 million in 9 months of 2022). It makes Lithuania one of 10 largest trade partners of Kazakhstan in the EU. There are about 170 Lithuanian companies working in Kazakhstan and dozens companies with the Kazakh capital operating in Lithuania.
Joint work of Kazakhstan and Lithuania can be seen in many spheres: professional pilots’ training, medical equipment manufacturing and many others.
There is a hope for an additional impulse to strengthening of friendship and partnership between Kazakhstan and Lithuania given by Gabrielius Landsbergis’ visit to Astana.

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