Azerbaijan became one of the main trade partners for Georgia in the first two months of 2023. In January-February, trade turnover between the countries amounted to USD 242 million 151 thousand. The country ranks the 4th among the largest trading partners with 8.4%-share. According to official statistics, trade with Azerbaijan decreased by 2.7% compared to … Read more
Kazakh President Kassym-Jomart Tokayev stressed that Kazakhstan and Azerbaijan have huge potential for mutual cooperation in agriculture, Kazinform correspondent reports. «Last year, the volume of bilateral trade of agricultural products tripled and stood at $146mln, accounting for over a third of the total trade turnover,» said Tokayev during his joint statement with Azeri President Ilham … Read more
The work of a regular trade and economic mission of Kazakhstan’s commodity producers has been started in the capital of Azerbaijan. According to Kazinform, the aim of the mission is to boost business contacts between the two countries. The Ministry of Trade and Integration of Kazakhstan and the Kazakh Embassy in Baku organized the event on the threshold of the visit of Azerbaijani President Ilham Aliyev to Astana and the regular 19th session of the Intergovernmental Commission for Trade and Economic Cooperation. Baku welcomed the representatives of more than 20 Kazakh companies arrived to the capital to showcase their goods and services to Azerbaijani partners. They have held talks since Tuesday. Interest in Kazakhstani companies’ products was shown by Azerbaijani companies. The Kazakh delegation was led by Vice Minister of Trade and Integration Kairat Torebayev. He said that Azerbaijan was one of the areas representing high trade and economic interest for Kazakhstan. Contracts worth at least 30 million US dollars are annually entered into by Kazakhstan and Azerbaijan. For example, last year an increase by 40% was shown by commodity turnover between Kazakhstan and Azerbaijan, making it reach 262 million US dollars. A growth almost by 15% was registered in January-February 2023. Today’s event is being attended by 23 companies representing machine building, agriculture, light industry and chemical sectors. Kazakhstan is the place of operation of more than 1,170 companies with Azerbaijani capital today. In its turn, Azerbaijan is the territory where 45 Kazakhstani companies are operating. Mainly floating equipment, railroad locomotives, rails, batteries, petroleum products, wheat, rice etc are exported by Kazakhstan to Azerbaijan. A significant demand for wheat (26% increase), oil products (increased by 3.5 times), margarine (rose up by 4 times) and confectionery (87% growth) was seen this year. Centrifuges and pipes are bought by Kazakhstan from Azerbaijan. The two countries’ businesses were called by the Vice Minister to communicate more actively and enhance bilateral trade ties. He noted that they had over 20 tools of exporters support and they were ready to help each other. As Kairat Torebayev says, Azerbaijani trade house was opened in Kazakhstan. This case was proved to be successful. A similar trade house in Almaty should be open. An opportunity of opening Kazakhstani Trade House in Baku Alongside needs to be considered. According to Ambassador of Kazakhstan to Azerbaijan Serzhan Abdykarimov, Kazakhstan’s economy has been driven mainly by small and medium businesses. They implement new rules complying with international standards. As Abdykarimov says, Azerbaijan is a key trade and economic partner for Kazakhstan in the South Caucasian region. The political dialogue between the two countries is trustful and intensive. The investment and economic ties are strengthened by lifting of pandemic-related restrictions and launch of direct flights. A number of bilateral documents were signed by the business structures of Kazakhstan and Azerbaijan and bilateral talks in B2B format were held after the mission. The event was attended by Chairman of Azerbaijan’s Small and Medium Business Development Agency Rufat Atakishiyev, Deputy Executive Director of the Export and Investments Promotion Agency of Azerbaijan (AZPROMO) Zohrab Gadirov and the representatives of KPMG and local businessmen. Establishing direct contacts, boosting trade relations between Kazakhstani enterprises and promising Azerbaijani importers, traders and distributors were the goals of the mission. As Head of State Kassym-Jomart Tokayev said at the meeting with Azerbaijani President in August 2022, efforts should be taken by both countries’ governments to raise bilateral commodity turnover to 1 billion US dollars in the nearest outlook.
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In the current marketing year (September 1, 2022 to March 28, 2023), Ukraine exported 265,000 tonnes of sugar, which is 4.8 times more than in the previous marketing year. Ukrinform reports this with reference to the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine. “As of the beginning of the war, … Read more
The Republic Statistics Office (RZS) said on Friday that Serbia’s exports totaled 2.344 billion Euro in February 2023, or 14.9 percent more than the same month a year earlier. Imports stood at 3.057 billion Euro, a drop of 5.4 percent. Trade stood at 10.472 billion Euro in January and February, an increase of 8.7 percent … Read more
Germany posted a foreign trade surplus of €16 billion ($17.4 billion) in February, according to official data released on Tuesday. The figure was €16 billion in January and had been €10.7 billion in February 2022, said the German Federal Statistical Office (Destatis). Germany’s exports increased by 7.6% year-on-year to €136.7 billion in February and imports … Read more
In January 2023, the total volume of goods exports was up by 4.8 percent year on year, as reported by Statistics Netherlands (CBS). The increase over January was mainly seen in exports of petroleum products, machinery and appliances. The volume of goods imports was up by 5.1 percent year on year. The CBS Exports Radar … Read more
The UK last week announced an agreement in principle to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a move largely supported by industry leaders. The UK government predicts that “in the long run, [the deal] could boost the UK economy by £1.8bn” and increase UK exports to CPTPP members by £1.7bn. The … Read more
Armenia’s exports to Russia, Kazakhstan, Kyrgyzstan and Belarus , which all make the Eurasian Economic Union (EEU), have increased about 10 times since the creation of the organization, said Ashot Tavadyan, head of the Center for Economic Research. “In 2015, the EEU accounted for about 15% of Armenia’s total exports. In 2021, this figure reached … Read more
A regular trade and economic mission of Kazakhstan’s commodity producers has started its work in the capital of Azerbaijan A regular trade and economic mission of Kazakhstan’s commodity producers has started its work in the capital of Azerbaijan. The mission is called to boost business contacts between the two countries, Kazinform reports. The event is … Read more