Kazakhstan – Armenia trade totals us$12 million in 2018
Trade turnover between Kazakhstan and Armenia is demonstrating positive growth. The trade between the two countries increased by 50% in the first 11 months of 2018 and amounted to US$12 million.
Kazakhstan exports processed cereal products, paper, cardboard as well as chemical and pharmaceutical goods to Armenia, while Armenia exports fruits, vegetables and nuts to Kazakhstan. Kazakhstan remains a major market for Armenian jewelers.
AGASI POGOSYAN, HEAD OF DEPARTMENT, YEREVAN JEWELRY PLANT
- We create a wide range of rings, earrings and necklaces. Due to high demand, we are planning to increase the range of products and expand the production facilities. Recently, we received an order for a collection of items in the shape of a Kazakh yurt. We are currently working on the sketches and we will be ready to present the products to the Kazakh buyers soon.
Eurasian Economic Union (EAEU) contributed to the strengthening of the business relations between the two countries. Experts said that the EAEU facilitates the business operations.
ARMEN AVAK AVAKIAN, FORMER CEO OF ‘BUSINESS ARMENIA’ FOUNDATION
- The amount of export deals between our countries totaled 6.8 billion Drams in 2018 which were signed at various trade fairs. The value rose by 30% in 2017 which signifies the upward trend in growth. In the short-term, we expect to see an increase in the export of jewelry, textile, wine, cognac, juice, fruits and vegetables in the short term perspective.
Experts believe that despite the abundance of locally produced goods, there are opportunities to promote Kazakhstan-made products in the Armenian market. Economists identified 43 trade products which will be in high demand in Armenia. The potential trade items include chemical goods, food products, building materials and many more.
TIMUR URAZAYEV, KAZAKH AMBASSADOR TO ARMENIA
- There is a high demand in Kazakhstan-made products, such as transformers, cables, iron wire, rolled steel and sheet metal in the Armenian market. Throughout the year, we consistently send a list of the whole range of Kazakh products which will be in demand in Armenia to the Armenian associations. We always promote the output of Kazakhstan’s Ural Transformer Plant which already ships its transformers to Armenia. The Kazakh transformers are competitive and more affordable compared to the similar Russian products.
Kazakhstan and Armenia are developing steady and robust cooperation which benefits both parties. The Governments and businesspeople of the two countries established partnerships aimed at stability, mutual trust and openness.