In 2022, bilateral trade in agricultural products surged, tripling in volume to reach $146mn, representing more than a third of the total trade turnover. To discuss enhancing bilateral trade volume, particularly in the agricultural sector, Aidarbek Saparov, Kazakhstan's representative, met with Majnun Gadir oglu Mammadov, the Minister of Agriculture of Azerbaijan, the Ministry of Agriculture reported.
Saparov emphasized the untapped potential for growth and development in agricultural cooperation between Kazakhstan and Azerbaijan. With a focus on expanding the volume of mutual trade in agricultural products, both sides are aiming to revitalize their economic ties.
In 2023, the bilateral trade volume in agricultural products experienced a decline, dropping by nearly half to approximately $75mn. However, recent developments are showing promise, with new additions to Kazakhstan's export structure to Azerbaijan, including cattle, meat, and poultry by-products. Moreover, both countries have exchanged lists of interested agricultural producers, signaling a commitment to diversifying trade offerings.
A visit to the Baku grain terminal, partially owned by Kazakhstan's National Company Food Contract Corporation, underscored the significance of infrastructure in facilitating trade. Saparov commended the terminal's role in boosting Kazakh grain exports and acknowledged its contribution to strengthening bilateral economic ties.
Efforts are also underway to address veterinary restrictions bilaterally. Agreements on veterinary certificates for various products, including breeding and slaughtering cattle, have been reached, with ongoing efforts to expand trade in other sectors such as dairy and poultry products.
Saparov outlined Kazakhstan's interest in exporting a range of products to Azerbaijan, including sunflower oil, confectionery, meat, and dairy products, which could potentially increase Kazakhstan's exports by over $75mn. Additionally, Kazakhstan is keen on importing fresh fruits, vegetables, and nuts from Azerbaijan, further diversifying trade relations.
Beyond trade, both nations are exploring avenues for investment cooperation in agriculture. Kazakhstan's burgeoning agro-industrial sector presents investment opportunities, particularly in processing agricultural products. Saparov encouraged Azerbaijani partners to explore investment prospects in areas such as grain processing, oilseed processing, and dairy production.
To reinforce collaboration, Saparov extended an invitation to Mammadov to attend the meeting of member states of the Organization of Turkic States and the Turkic Agribusiness Forum in Taraz from March 19 to 21. The event is expected to serve as a platform for strengthening agricultural cooperation between Kazakhstan and Azerbaijan.
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