Kazakh-Azerbaijani business forum due in Aktau
By Nazrin Gadimova
A Kazakh-Azerbaijani business forum will be held in Aktau on June 28, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported.
This will be the second business forum between Azerbaijan and Kazakhstan since early 2014. The first meeting of the two countries` entrepreneurs was held in Baku in February. The volume of Azerbaijan's investments in Kazakhstan's economy since 2005 exceeded $130 million.
The State Customs Committee (SCC) has announced that trade turnover between the two countries amounted to $371 million in 2013.
The export of Azerbaijani goods to Kazakhstan hit $64.2 million, while imports reached $306.7 million. Trade turnover between the two countries decreased by 5.7 percent in 2013.
The main exports of Kazakhstan to Azerbaijan are mineral resources (oil and gas), chemical raw materials, grain, barley, tobacco products, rolled carbon steel, and electrical equipment. Kazakhstan imports oil from bituminous materials, polymers and components for machinery, and prefabricated constructions.