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Economic Interests Of Armenia And Kazakhstan Coinside

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  • Economic Interests Of Armenia And Kazakhstan Coinside

    ECONOMIC INTERESTS OF ARMENIA AND KAZAKHSTAN COINCIDE
    By Ara Martirosian

    AZG Armenian Daily
    09/11/2006

    Kazakhstan Imports Goods That Armenia Exports

    Kazakhstan is a multiethnic country, and the Armenian community
    plays a unique role in that culture. Head of the community, Artyusha
    Karapetian, is included in the Association of Peoples of Kazakhstan
    affiliated to the country's president.

    On the second day of his official visit to Kazakhstan Armenian
    president Robert Kocharian met our countrymen and told about
    the results of his meeting with his Kazakh counterpart Nursultan
    Nazarbaev. He said the last bilateral meeting took place in Armenia
    in 2001.

    Though the leaders of both states occasionally get in touch at the
    CIS summits, there are still obstacles preventing development of
    relations. Meanwhile, in Armenian president's words, economic interests
    of the two states coincide, which means Kazakhstan imports goods
    that Armenia exports and vice versa. The main problem is connected
    with goods transportation that will hopefully be settled thanks to an
    agreement on automobile transportation of goods signed by the leaders
    of the states.

    Robert Kocharian underscored the necessity to attract Kazakh capital
    to Armenia.

    After the meeting with community representatives, the Armenian
    president headed for Kazakh president's cultural center and then laid
    a wreath to the monument of defenders of the motherland.

    The last even in the visit agenda was the business forum with
    the participation of the presidents and Armenian and Kazakh
    businessmen. Once again the presidents highlighted economic
    cooperation.

    The Kazakh president emphasized that the Armenian economy is
    one of the most liberal ones in the world, which opens doors for
    investments. Kazakhstan as well as Armenia is rapidly developing. The
    country's GDP has increased 3.5 times as against that of 1997.

    Currency reserves amount to $25 billion, all debts from international
    economic organizations were liquidated. In Nazarbaev's words,
    living standards in Kazakhstan are the highest in CIS. In regards to
    Armenia, he said that despite the blockade Armenia is developing with
    astonishing pace.
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