On April 24, Kyrgyzstan President Sadyr Japarov arrived in Azerbaijan for a state visit.
In Baku, Japarov and Azerbaijan President Ilham Aliyev chaired the 2nd meeting of the Interstate Council of Azerbaijan and Kyrgyzstan.
Following the talks and the Interstate Council meeting, President Aliyev said that Azerbaijan and Kyrgyzstan actively cooperate in the trade and economic sphere. “Today we heard the figures of a multiple increase in trade, though the absolute figures are not very large yet. However, there is a tendency to increase this potential. An addendum to the agreement on the authorized capital of the Azerbaijani-Kyrgyz Development Fund was also signed today. We have quadrupled the authorized capital from 25 million to 100 million US dollars.”
Aliyev said that the construction of a five-star hotel financed by Azerbaijan has already begun at Lake Issyk-Kul in Kyrgyzstan, which will be ready by the end of next year.
The Azeri president also touched upon cooperation in the energy and transportation spheres. “We have outlined the potential there as well. We are interested in renewable energy investment projects in Kyrgyzstan. As for the transport sector, both Kyrgyzstan and Azerbaijan are implementing large-scale transport projects, the construction of railroads, and, of course, we should already start consultations on coordination of transport routes in terms of digitalization and in terms of tariff policy in order to make the route through the Caspian Sea, Central Asia to Europe attractive not only in terms of distance, but also in terms of commercial viability.”
President Japarov, in turn, emphasized that as a result of the meeting, a joint Declaration on the establishment of deep relations of strategic partnership between the Kyrgyz Republic and Azerbaijan was signed.
Japarov also highlighted the importance of discussions about the prospects of cooperation between the two countries in the development of international transport corridors passing through Central Asia and the South Caucasus.
Photo: president.az
