Kyrgyzstan and Azerbaijan are aiming to increase their trade turnover to $500 million by 2030. This statement was reported by the Trend agency, referring to the Minister of Economy and Commerce, Daniyar Amangeldiyev, during the second meeting of the Intergovernmental Council between the two countries.
"We are determined to reach a trade turnover level of approximately $500 million by 2030 between our countries. We are ready to supply the Azerbaijani market with high-quality agricultural products (potatoes, beans, nuts), pasta, glass products, light bulbs, and more," he said.
Daniyar Amangeldiyev highlighted that the rapidly developing bilateral relations have created the best opportunities for increasing and expanding trade and economic ties between Kyrgyzstan and Azerbaijan.
He mentioned that an extensive cooperation program between the two states until 2029 has been prepared to ensure active work on a medium-term basis, encompassing all promising areas such as increasing trade turnover, developing transportation links, financial-banking, cultural-humanitarian, and other spheres.
According to the State Customs Committee of Azerbaijan, the trade turnover with the Kyrgyz Republic in 2023 amounted to $64.978 million, which is 6.01 times higher than the figures of 2022 ($10.81 million).
