The financial and social relations among Azerbaijan and Kazakhstan are sound, and the historical backdrop of these relations follows back millennia. Staying consistent with their accounts and customs, these two nations could foster great relations in view of shared regard. As of now, Azerbaijan and Kazakhstan work together in different fields.
The two nations have various joint drives that target reinforcing social ties and expanding traveler streams between the two nations. Here, it incorporates various undertakings that are significant both for the two nations and for the district overall. This is the development of the limit of the Trans-Caspian Worldwide Vehicle Course (Center Hallway), the laying of a fiber-optic correspondence line (FOCL) and an energy link along the lower part of the Caspian Ocean, the product of oil and uranium through Azerbaijan, and the stock of wheat from Kazakhstan to the Azerbaijani market.
Above all else, today Kazakhstan is the second greatest exchange accomplice of Azerbaijan Focal Asia after Turkmenistan, and Azerbaijan is the most significant and vital accomplice in the South Caucasus. Starting around 2020, exchange turnover between the two nations has expanded very nearly multiple times, from 109 to 529 million bucks. This is a noteworthy dynamic, and the sides intend to keep expanding volumes. The still up in the air to grow it to $1bn soon.
Furthermore, Kazakhstan positions in fifth spot in succession for a long time in the country’s non-oil and gas trades, through which Baku really focuses on differentiating its petroleum product based economy. Non-petroleum product commodities to Kazakhstan added up to $95m in 2023. Azerbaijan’s primary non-oil and gas commodities to Kazakhstan are vehicles, specific reason ships, iron lines, propylene polymers, horticultural items, and so forth.
Be that as it may, freight transportation ventures forward when the fact is about the financial collaboration between the two Turkic-talking nations. The two nations are situated on the Center Passageway, the global shipping lane that joins Europe to the Far East. The Center Passage is a transportation and shipping lane that interfaces Asia and Europe, going through a few nations in the district. It is an elective course to the conventional Northern Hallway and Southern Passage. The Center Passageway offers a land course that interfaces the eastern pieces of Asia, including China, with Europe, bypassing the more drawn out oceanic courses. It is quite significant that the quantity of consent structures for worldwide freight transportation by street among Azerbaijan and Kazakhstan has expanded fivefold throughout recent years. Be that as it may, the two nations don’t plan to restrict themselves to these figures and need to upgrade their relations considerably more.
One more significant point in the monetary cooperation between the two nations is oil. Azerbaijan offers an elective course to Kazakhstan to ship its rich petroleum products to the world business sectors through Baku-Tbilisi-Ceyhan. The volume of Kazakh oil moved through Azerbaijani regions increments step by step.
A sum of 1 million 057 thousand tons of oil were sent from Aktau port to Azerbaijan in 2023. The not set in stone to help it to 2.2 million tons each year. Azerbaijan’s oil monster SOCAR and Kazakh KazMunayGaz (KMG) have previously consented to an arrangement in such manner. The arrangement likewise characterizes the general circumstances and standards of the offer of Kazakh oil for additional handling at petroleum processing plants remembered for SOCAR, as well as additional exchange provincial and worldwide business sectors.
Qabil Ashirov is AzerNews’ staff columnist, follow him on Twitter: @g_Ashirov
