ArmInfo.Trade and economic relations are developing dynamically in both bilateral and multilateral formats, which is significantly facilitated by contacts at the highest level. Ambassador of Kazakhstan to Armenia Bolat Imanbayev stated during the Armenia- Kazakhstan Business Forum.
At the same time, the Ambassador noted that the current dynamics of trade and economic relations do not reflect the full economic potential of the two countries. In this regard, Bolat Imanbayev emphasized that Kazakhstan is interested in deepening relations with Armenia in this direction. He informed that there are about 340 companies with Armenian capital and 76 Armenian-Kazakh joint enterprises operating in various fields in Kazakhstan. According to the Armenian side, over 100 companies with Kazakh capital are registered in Armenia.
Ambassador Imanbayev also said that the 10th meeting of the Armenian-Kazakh Intergovernmental Commission on Economic Cooperation will take place next week. According to him, it is expected that as a result of the meeting, new agreements will be reached that will give additional impetus to mutually beneficial trade, economic and investment relations.
According to the RA Statistics Committee, foreign trade turnover between Armenia and Kazakhstan reached $100.5 million in 2023, demonstrating a 2.4-fold increase over the year. At the same time, exports increased 3.8-fold to $71.3 million, with imports growing by 23.6% to $29.2 million.
The forum was held within the framework of the visit of the business delegation from Kazakhstan, which was organized by the "Astana" Diplomatic Club.
