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Astana, Kazakhstan • 10 April, 2024 | 16:18

Kazakh Delegation Inks Seven Agreements in Armenia

The documents encompass cooperation in trade and economic relations, tourism, and logistics sectors

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Ministry of Economy of Armenia
Ministry of Economy of Armenia

Kazakh trade mission to Armenia signed seven agreements in Yerevan covering trade and economic relations, tourism, and logistics, QazMonitor reports citing the Ministry of Trade and Integration.

What happened: On April 9, during the joint “Development Of Trade And Economic Relations, Tourism And Logistics” business forum in Yerevan, the participants presented investment and business opportunities in diversifying transport routes and creating new export, import, and transit operations. The sides also discussed bilateral tourism potential.

The high potential of cooperation between Armenia and Kazakhstan is evidenced by the data of the Statistical Committee of Armenia, according to which the trade turnover between our two countries in 2023 amounted to $100.4 million. An increase of 2.4 times compared to the same period in 2022. I am sure that reinforcing bilateral cooperation will significantly contribute to increasing this figure.

said Minister of Economy of Armenia Gevorg Papoyan at the forum.

Agreements: Seven documents were signed at the end of B2B meetings and negotiations held during the forum.

  • Memorandum of understanding between the Chamber of Commerce of Kazakhstan and the Chamber of Commerce and Industry of Armenia

  • Memorandum of understanding between the Kazakh Invest national company and the National Investment Promotion Agency of Armenia (Enterprise Armenia)

  • Memorandum of understanding between the Kazakh Tourism national company and the Armenian Tourism Federation

  • An agreement on localizing the production of certain components of gas equipment for petrochemicals and a gas filling compressor station in Atyrau between AirGas-Eurasia manufacturing and trading company (Kazakhstan) and Ama Compressor gas station equipment manufacturer (Armenia)

  • An agreement on the production of type IV composite LPG cylinders between AirGas-Eurasia manufacturing and trading company (Kazakhstan) and RSV Composite (Armenia) gas and oxygen cylinders production company

  • An agreement on localizing the production of assembled gas and air compressor modules utilized in gas filling compressor stations between AirGas-Eurasia manufacturing and trading company (Kazakhstan) and Gazart gas station equipment manufacturer (Armenia)

  • A cooperation agreement between Legal Consulting Community Limited (Kazakhstan) and Lawsuit law firm (Armenia)

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