On December 10, President of Kazakhstan signed a law the law “On the ratification of convention abolishing double taxation and preventing income and property tax avoidance” between Armenia and Kazakhstan.

According to the document, each of the states will ensure payment of taxes to the taxpayers in one of the states. In its turn, the other state will take in payment, stated Kazakh Finance Minister Bolat Zhamishev, Kursiv.kz reports.

This January-July Armenian-Kazakh trade turnover totaled U.S. $4.7 million. Kazakh exports to Armenia totaled U.S. $2.4 million, and imports from Armenia U.S. $2.3 million.