Kazakhstan-Armenia two-way trade on the rise

Kazakh Ambassador to Armenia Timur Urazayev said at the press briefing in Astana on Tuesday that despite negative trends in the global economy, the Kazakh-Armenian mutual trade surged in 2017 compared to last year.

In fact, it demonstrated a 38% increase this year totaling $2.6 million.

Ambassador Urazayev also praised positive dynamics of bilateral cooperation within the framework of the Eurasian Economic Union.

"In particular, in January-August 2017 volume of mutual trade between the EAEU member states made $34.2 billion or 127.5% compared to the level of the analogous period in 2016. It proves that the EAEU mechanisms do work," the Kazakhstani diplomat added.