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Armenian-Kazakh Economic Commission Focuses On Mutual Cooperation

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  • Armenian-Kazakh Economic Commission Focuses On Mutual Cooperation

    ARMENIAN-KAZAKH ECONOMIC COMMISSION FOCUSES ON MUTUAL COOPERATION

    ArmInfo News Agency
    Oct 12 2005

    Yerevan, 12 October: The first sitting of the intergovernmental
    commission on economic cooperation between Armenia and Kazakhstan
    started in Yerevan today.

    The sides discussed the current situation and prospects of
    trade-economic cooperation between the two countries, specifically
    the development of cooperation in the agricultural, transport and
    humanitarian spheres.

    The absence of direct transport links between the two countries
    prevents the development of trade-economic ties, the Armenian deputy
    agricultural minister and co-chairman of the commission, Samvel
    Avetisyan, told our correspondent.

    He said that Armenia exports mainly alcohol products to Kazakhstan and
    imports oil products from there. The biggest project is the arrival in
    the Armenian market of Kazakhstan's TuranAlem Bank, which intends to
    develop the mortgage loan market in Armenia, the deputy minister said.
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