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.