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Georgia, Kazakhstan Discuss Economic Cooperation

Kazakhstan has pledged to direct at least 10 million tonnes of cargo annually to the Baku-Akhalkalaki-Kars railway route, which is expected to go into operation after two and a half years, according to the Georgian Economy Ministry.

The announcement comes after a session of the Kazakh and Georgian inter-governmental commission on economic cooperation, which was held in Tbilisi on April 2.

Georgian Economy Minister Giorgi Arveladze and Kazakh Minister of Transport and Communications Serik Akhmetov signed a memorandum on economic partnership.

The memorandum outlines cooperation priorities between the two countries with a special focus on increasing competitiveness of transit route via Azerbaijan and Georgia, according to the Economy Ministry.

Kazakhstan was the third biggest foreign direct investor in Georgia last year, with USD 152 million.

This post is also available in: ქართული (Georgian) Русский (Russian)


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