Armenia, Kazakhstan have sufficient room for enlarging economic cooperation

YEREVAN, November 26. /ARKA/. Armenia and Kazakhstan have sufficient room for enlarging economic cooperation, Nurbolat Alimbaev, Kazakhstan’s chargé d'affaires in Armenia, said Wednesday answering the question ARKA News Agency put up to him.

“Trade turnover is small - $2.5 million,” he. “However, taking into account changes in Armenia and over it, we hope for improvement.”

He told journalists at the seminar focused on Kazakhstan’s forthcoming chairmanship in OSCE that his country has always been interested in economic, political and cultural cooperation with Armenia.

“Our embassy’s presence here shows our interest.”

According to National Statistical Service of Armenia, Armenia’s trade turnover with Kazakhstan has reduced 81.7% over the period between January and September to $3.4 million.

The country’s export to Kazakhstan totaled $1.8 million (0.4% of Armenia’s export) by late September after shrinking 32.4% in Jan-Sept 2009, compared with the same period a year before, and imports from Kazakhstan totaled $1.7 million after reducing 89.6%.

Kazakhstan opened its embassy in Armenia in 2007. -0--