Azernews.Az

By Aynur Jafarova

Azerbaijan may establish logistics centers in the western regions of Kazakhstan.

This issue was discussed during the meeting between Azerbaijan's Minister of Economic Development Shahin Mustafayev and Kazakh Minister of Economy and Budget Planning Yerbolat Dosayev in Aktau on June 19.

The discussions also included expansion of cooperation in economy, in particular, economic relations between Azerbaijan and western regions of Kazakhstan, as well as promotion of business relations between the entrepreneurs of the two countries.

The issues of mutual cooperation were also discussed during the meeting of the Azerbaijani delegation with Governor of Mangistau region Alik Aydarbayev.

On Wednesday, Aktau also hosted the Azerbaijan-Kazakhstan Business Forum, which was attended by businessmen of the two countries, representing industry sectors, in particular food, agriculture, construction, tourism and other fields.

Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and the government of the Mangistau region signed a mutual cooperation memorandum within the business forum.

The trade turnover between Azerbaijan and Kazakhstan amounted to $393.425 million in 2012.

One of the main goals in the development of trade and economic ties between the two countries is to establish logistic centers.

A solid legal basis has established between the two countries. Azerbaijan and Kazakhstan have signed more than 90 documents, including 20 documents in the economic field, in particular on the investment protection, avoiding double taxation, etc. These documents positively affect the development of trade relations between the two countries.

Thirty-seven companies with Kazakh capital operate in Azerbaijan and 46 companies with Azerbaijani loans were registered in the western regions of Kazakhstan.