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According to the Kazakh Invest national company’s press service, prospects for cooperation were explored at a Jan. 31 Kazakhstan-Bavarian Investment Roundtable in Munich, the capital of Bavaria, by Kazakh and German officials and business leaders.
Kazakh investment potential’s attraction for expanding Kazakh-German cooperation was highlighted by Deputy Minister of Foreign Affairs Almas Aidarov.
German business leaders were encouraged by Aidarov to invest in Kazakh energy, raw materials, industrial and machinery projects and to develop cooperation in the transport and logistics, agriculture, education, science, and IT sectors.
Government preferences were focused on by Kazakh Invest Chairman Meirzhan Yussupov. Transportation and logistics network, promising opportunities and the country’s investment climate were among the questions asked by German business people.
Aidarov and Yussupov led the Kazakh delegation in Bavaria and held meetings with German companies.
The possibility of creating a scientific and innovative competence centre for working with polyamides and metal powders was addressed by the sides at a meeting with Markus Glasser, Senior Vice President of EOS GmbH, a global technology leader for industrial 3D printing of metals and polymers. A partnership agreement was signed by EOS GmbH and Satpayev Kazakh National Research Technical University following the meeting.
Plans to produce polyethylene wax and nano-particle products using a unique technology in Kazakhstan were announced by Sergej Schmitke, CEO of GS-Bavaria GmbH, a metal powder supplier in nanoparticle size.
Bilateral trade turnover reaching $2.36 billion in 2022 (a 7 percent increase over the previous year ($2.2 billion) makes Germany one of Kazakhstan’s most important partners in the European Union.
More than $5 billion have been invested Germany in foreign direct foreign investments in Kazakhstan’s economy since 2005, most of which has flowed to the processing and manufacturing industries. 52 projects worth more than $4 billion are included in the list of Kazakh-German investment projects.

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According to Azernews and to a tweet by Azerbaijan’s Economy Minister Mikayil Jabbarov, a meeting was held between him and Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto. The minister tweeted that the significance of the initiatives contributing to the bilateral relations has been highlighted during the meeting with Peter Szijjarto, the Minister of … Read more

According to the press service of the Kazakh embassy in China cited by Kazinform, the total volume of Kazakh-China trade turnover attained $31.2bn in 2022. The country’s General Customs Administration issued statistics showing that a 133.7% growth in Kazakh exports of agricultural products, 58% rise in exports of raw energy products, and 25.2% increase in … Read more

According to Kazinform correspondent, deputies of the Majilis of the Kazakh Parliament approved the draft law ratifying the agreement between the Kazakh and Azerbaijani governments on cooperation in the field of quarantine and plant protection.
The International Plant Protection Convention (IPPC) was accepted by Kazakhstan on April 29, 2010. Kazakhstan made the international obligations including observance and application of international standards on phytosanitary measures. According to Kazakh Agriculture Minister Yerbol Karashukeev, a favorable phytosanitary situation in both countries will be ensured by compliance with these requirements.
As of today, around 200 thousand tons of crop products with grains (wheat, barley, and oat) as well as rice and legumes making up the bulk are exported to Azerbaijan by Kazakhstan.
The data shows that around 14.5 thousand tons of fruits and vegetables are imported by Kazakhstan from Azerbaijan per year.

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According to Azernews, an agreement on mutual understanding and cooperation has been signed by the Azerbaijani National Confederation of Organizations of Entrepreneurs (Employers) (ASK) and the Serbian Chamber of Commerce and Industry.
The agreement is aimed at expansion of the prospects for cooperation with business circles operating in Serbia and increase of the export-import potential of business entities and investments in both countries.
Joint business missions of the ASK and the Chamber of Commerce, exhibitions and business forums, joint implementation of projects, as well as the study of best practices through the exchange of information and specialists are planned to be conducted according to the agreement.
As it is reported on the website of ASK, cooperation with business support organizations existing in other countries continues to be expanded in order to increase the export and investment potential of Azerbaijan, as well as to expand economic ties in accordance with the ASK’s priorities for external relations.
Cooperation between Azerbaijan and Serbia takes place in a variety of economic sectors. The countries signed Azerbaijan-Serbia Declaration on Strategic Partnership in 2013 and the Joint Action Plan on Strategic Partnership in 2018. The groundwork for developing relations was created by these documents.
The amount of the trade turnover between Azerbaijan and Serbia reached $10.3 million in January-November 2022.

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According to Azernews, joint measures to expand trade, economic, and investment cooperation, have been discussed by Azerbaijan and Uzbekistan.
It was during the meeting between Uzbek Foreign Minister Bakhtiyor Saidov and Azerbaijani Ambassador Huseyn Guliyev where the discussion took place.
A dynamic development of Uzbek-Azerbaijani relations, strategic partnership and multifaceted cooperation in all directions between the countries due to the regular and fruitful dialogue at the highest level was noted by the parties during the meeting.
The schedule of planned events, including the next meeting of the joint intergovernmental commission on cooperation between Azerbaijan and Uzbekistan, as well as the next round of political consultations through the foreign ministries of the two countries was considered by the parties.
The implementation of joint projects in the automotive, petrochemical, energy and agricultural sectors was additionally discussed by the sides.
Azerbaijan and Uzbekistan established diplomatic relations on October 2, 1995. Azerbaijan established the embassy in Uzbekistan in August 1996, while Uzbekistan opened the embassy in Azerbaijan in July 1998.
Shared values and historical ties, as well as a number of joint statements and agreements signed during bilateral visits and meetings are the basis of the friendly relations between the two countries.
The trade turnover between Azerbaijan and Uzbekistan reached $111.9 million in 2021.

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According to the National Statistical Committee (NSC), Armenia’s foreign trade in the first 11 months of 2022 showed growth by 67.8% compared to the same time period in 2021 and attained $12.5 billion.
Only in November 2022, the country’s foreign trade grew up by 74.5% compared to November 2021, but compared to October 2022 it fell down by 2%. The foreign trade surpassed 5.3 trillion Armenian drams.
The amount of over $4.7 billion was attained by Armenian exports in 11 months of 2022, compared to January-November 2021, (up by 75.2%). Only in November 2022 alone, an increase by 95.8% compared to November 2021 was shown by the exports, but compared to October 2022, it was a decrease by 8.4%. The total exports in eleven months of 2022 surpassed 2 trillion drams.
An increase of 63.6% compared to January-November 2021 was attained by Armenian imports during the reporting period (over $7.7 billion). A 69.9% growth was reached by imports in November 2022 compared to November 2021 and 2.4% compared to October 2022. Total imports in January-November 2022 surpassed 3.32 trillion drams. ($1 – 393.81 drams).

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According to Georgian Prime Minister Irakli Garibashvili, the need to diversify and develop new routes was agreed on by Central Asian countries on Tuesday, and they paid a “special attention” to the transport corridor involving Georgia, highlighting the importance of port, railway and other infrastructure for realizing the country’s role of a regional hub.
As Garibashvili noted in his end-of-year summary of the Government’s work, they announced the search for a new investor for the construction of the Anaklia deep sea port on the Black Sea coast. The state will own 51 percent of its infrastructure. These are “urgent” plans for international investment and state participation in Anaklia deep-sea port revealed by Georgian PM.
The current limitations of the Poti and Batumi ports were also noted by him. According to the Prime Minister, Government did not have “any leverage to make certain regulations in relation to tariffs or anything else”.
He added that record-high revenues were attained by the railway. Record-high levels were shown by both the amount and volume of the transported freight. The modernization of the railways needs to be quickly completed.
They had completed 86 percent of the work of the Baku-Tbilisi-Kars railway project. According to PM, they will officially launch the project in 2024, and passenger and good transport between Azerbaijan, Georgia and Turkey will be facilitated.
The task of transforming the country “not only into an energy and transport hub, but also into a digital hub which will connect Europe to Asia” was highlighted by Garibashvili as one of his team’s “main interests”. According to him, the Rothschild global advisory company’s work on the strategy for transforming Georgia into a regional financial hub had been completed.
As Garibashvili said, the implementation of this strategy and plan will already be started next year, and the results will be reported later.
The creation of a new information technology hub in the former Parliament building in the western Georgian city of Kutaisi with the aim to promote the development of the IT sector in the country was also mentioned by the PM.
Garibashvili said that the hub would attract and employ young people working in the field of IT. He added that this project would support Georgian students and young people in their development. The project would get “tens of millions of dollars” of investments.

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The new law on supply chains will appear on January 1, 2023 in Germany. It will proscribe to all companies from Serbia, local or foreign, exporting raw materials, components, semi-products and services to the German market, to honor human rights and to prove that they are environmentally friendly. Companies which export finished products aren’t pertained to by this regulation.
According to Tanja Lindell, Deputy Manager in department for Industry at Chamber of Commerce and Industry of Serbia (CCIS), German companies with over 3,000 employees will be primarily pertained to by the new law, and from January 1, 2024, it will start being applied to German companies with over a thousand employees.
Lindell says that German companies with their own activities are subject to this law. It is transferred to direct and indirect suppliers of semi-products and services in the production chain, that is, to all those companies which have supply agreements with companies over there. She mentions the lack of information about the number of companies this pertains to, due to ignoring what kind of agreements they have. Around 3,000 Serbian companies export to the German market, but a part of them exports finished products.
As Lindell says, those responsibilities and obligations from the law which the end-customer, the German partner, transfers to Serbian companies, will have to be met by them. Only what the German company must fulfill is defined by the law, and the contract will define which part of the obligations the German company transfers to its direct supplier. Companies are required by the law to make risk assessment, to carry out success analyses regularly, to respect human rights, to protect the environment and to publish reports which are public.
Lindell notes that the German law prepares companies for the EU directive which they have announced and which has already been preparing. It will be much stricter than the German law. An office for helping Serbian companies with the aim of informing them, as well as possible, and of helping them adapt the new law on supply chains will be opened by the CCIS in the first quarter of 2023.
According to Dragoljub Rajic of the Business Support Network, this regulation will not affect a large number of Serbian companies in the first year of the application. However, it will affect more companies beginning with the year after that, especially logistics companies which transport raw materials. The fact that German companies will not be able to work with companies which violate human rights in any way, which are involved in forced labor, or which have illegal employees will not affect Serbian exporters. Companies from Asia and Africa which participate in German supply chains are mostly pertained to by this.
Rajic explains that it will be more significant to prove that companies exporting raw materials or semi-products don’t pollute the environment through their business operations. The amount of carbon-dioxide emitted during their production or operating processes mustn’t exceed the level proscribed in Germany for the given industry. Serbian producers will have to replace diesel with other fuels in a certain percentage, or to use Euro 5 engines or to prove that the share in production is either at a minimum or zero. In the future hybrid trucks will have to start being bought by logistics companies, and the rail sector will have to be switched to hydrogen.
This has been initiated by Germany, but similar steps are being taken by France and Great Britain, and it will soon be an obligation at the EU level. The rail sector will be a great challenge for Serbia, as it is the greenest form of transport. Slow Serbian rail sector is not competitive. Due to this reason, entry of an Austrian cargo group to Serbian market has been announced.

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According to Trend, establishing new import rules are considered by Azerbaijan.
The amendment to the Customs Code, which was discussed at a meeting of the Parliament’s Committee on Economic Policy, Industries and Enterprising on December 13, reflected this issue.
It proposes to review the appeal to the customs authority on the clearance of goods within one day. This amendment obliges the authority to notify the customs applicant within 24 hours from the moment the appeal was submitted to the body in case of cost adjustments for the passage of commodities.
The aim of the bill is to improve customs clearance procedures.

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