Kyrgyzstan and Azerbaijan intend to significantly increase trade turnover – 2024-04-29 22:55:14

by times news cr

2024-04-29 22:55:14

Kyrgyzstan and Azerbaijan intend to increase trade turnover to 500 million US dollars by 2030.

As Day.Az reported on Saturday with reference to the Ministry of Economy and Commerce of Kyrgyzstan, the head of the department Daniyar Amangeldiev said this at the second meeting of the Interstate Council between Kyrgyzstan and Azerbaijan.

“We aim to ensure a level of trade turnover between our countries of about 500 million US dollars by 2030. We are ready to provide the Azerbaijani market with high-quality agricultural products (potatoes, beans, nuts), pasta, glass products, electric lamps and others,” Amangeldiyev said .

The minister noted that rapidly developing bilateral relations have created the best opportunities for building up and expanding trade and economic ties between Kyrgyzstan and Azerbaijan.

Amangeldiev mentioned that to ensure active work on a medium-term basis, a rich program of cooperation between countries until 2029 has been prepared, which includes all promising areas – increasing trade turnover, developing transport links, financial-banking, cultural-humanitarian and other areas.

It should be noted that according to the State Customs Committee of Azerbaijan, trade turnover between Azerbaijan and Kyrgyzstan in 2023 amounted to 64.978 million US dollars, which is 6.01 times higher than in 2022 ($10.81 million).

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