Baku Hosts Azerbaijan-Kazakhstan Business Forum

Baku Business Center hosted the Azerbaijan-Kazakhstan business forum with the participation of entrepreneurs from the region of Mangistau today.

It Kazakh businessmen discussed with the management of the Fund to promote exports and investment in Azerbaijan (AZPROMO) and the private sector, the prospects for expanding trade and economic relations.

 In AZPROMO they told Turan, that Baku is a business delegation of 11 people led by the head of administration of the city of Aktau Edil Zhanbirish. Kazakh businessmen are areas of construction and urban planning, development and landscaping, water and waste management, and recycling of household solid waste, alternative energy, etc.

In 2012, the trade turnover between Azerbaijan and Kazakhstan amounted to $ 393.3 million which is $ 118 million, or 43% more than in 2011 (data from the State Customs Committee of Azerbaijan). Balance in foreign trade has been favor of Kazakhstan - $ 287.7 million in 2012, exports to Kazakhstan decreased by about 9%, and Kazakh exports to Azerbaijan increased by 56.7%.

In 2012, Azerbaijan imported 1.1 million tons of wheat seed and food for a total of $ 265 million in Azerbaijan also received ferrous metals, chemical products, etc. In Azerbaijani exports were fruits and vegetables, sugar, oil, copper ore, etc. - 08D-