Kazakhstan and Azerbaijan intend to increase mutual trade turnover to $1 billion. This became known following a meeting between President of Kazakhstan Qasym-Jomart Toqaev and President of Azerbaijan Ilham Aliyev, infohub.kz reports.
Qasym-Jomart Toqaev thanked Ilham Aliyev for the invitation and traditional hospitality, and noted the high level of organization of the summit of the Conference on Interaction and Confidence-Building Measures in Asia (CICA). The President of Kazakhstan emphasized Azerbaijan's significant contribution to the conference's work during its chairmanship, the advancement of practical initiatives and the strengthening of the organization's international standing.
During the meeting, the heads of state stressed the importance of launching a project unique to the region — the Trans-Caspian Fiber-Optic Communication Line. This line will strengthen digital connectivity between the two countries, ensure the diversification of digital corridors between Europe and Asia, and open up new opportunities for the entire region.
The interlocutors noted the positive dynamics of trade and economic relations and confirmed their intention to bring mutual trade turnover to $1 billion. They also discussed prospects for expanding supplies of Kazakh energy resources through Azerbaijani territory and implementing joint projects in industry, energy, transport, logistics and agriculture.
In addition, the sides noted the steady strengthening of cultural and humanitarian ties, expanding cooperation in education and tourism, and intensified inter-parliamentary interaction.
Following the meeting, the mutual determination to further deepen Kazakh-Azerbaijani strategic partnership and consistently implement the agreements reached across all areas of the bilateral agenda was confirmed.
We previously reported that Qasym-Jomart Toqaev supported the reconciliation process between Azerbaijan and Armenia.