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Trade turnover between Azerbaijan and Kazakhstan goes down

Trade turnover between Azerbaijan and Kazakhstan goes down

12 April 2012 11:58 (UTC +04:00)

Baku. Victoria Dementyeva - APA-Economics. Due to the postponement of development of Kashagan field, the volume of trade turnover between Azerbaijan and Kazakhstan is going down, Ambassador of Kazakhstan to Azerbaijan Serik Primbetov said at a press conference.

â€œThere is a slight decline in trade relations due to the fact that the development of Kashagan field has been postponed till 2017-2018 and the volume of oil transportation had declined. Azerbaijan is developing successfully and meets its cereal needs. Because if last year, Azerbaijan purchased 1.1 million tons of grain from Kazakhstan, but this year - 0.5 million tonsâ€.

The Ambassador noted that due to such factors, the amount of turnover declined to $ 300 million: â€œBut we hope that with the increase in oil production and transit through the territory of Azerbaijan, the trade volume will grow back over timeâ€.

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