Kazakhstan ready to increase exports to Armenia to $350 million

Today, Kazakh President Kassym-Jomart Tokayev arrived for an official visit to Yerevan. The talks with Prime Minister of Armenia Nikol Pashinyan held in narrow and expanded formats mark an important stage in the development of bilateral relations between Kazakhstan and Armenia. The Head of State emphasized that Armenia is the country’s important and reliable partner in the South Caucasus. The states have great potential to enhance cooperation, particularly in the fields of investment, trade and economy, transport and logistics.

“We have come to a unanimous agreement that it is necessary to explore new directions that will boost the growth of trade between the two countries. We should take concrete measures to expand the range of export-import goods. To this end, it is essential to make the most effective use of the available opportunities. Kazakhstan is ready to increase its exports to Armenia to $350 million,” said President Tokayev.

President Tokayev noted the need to intensify interaction through business missions. Kazakhstan commends Armenia’s readiness to restore transit communication in the South Caucasus. The parties are set to launch direct air communication that will connect not only Astana and Yerevan but also other cities. Economic partnership is not all common ground, as Kazakhstan and Armenia effectively cooperate within multilateral structures as well. The parties have agreed to further continue cooperation in processes aimed at strengthening peace and stability.

“We wholeheartedly welcome the desire of Armenia and Azerbaijan to conclude a peace treaty. As the distinguished Prime Minister has just noted, Kazakhstan is ready to provide full support and undertake a mission of goodwill. Our main goal is to bring our friendly countries closer together and open the way to lasting peace, good neighborliness, and stability in the region,” added the Head of State.

Following the talks, Kassym-Jomart Tokayev and Nikol Pashinyan signed a joint statement and a series of documents, among which is a roadmap for trade and economic cooperation between the governments of the two countries for the next two years. As for cultural ties, this year Kazakhstan will host the Days of Armenian Culture, while next year the works of Kazakh poets, scientists, and composers will be presented to Armenia residents. One street in Yerevan will be named after the great Kazakh philosopher Abai, while one street in Astana will be named after the creator of the Armenian alphabet, Mesrop Mashtots.