OREANDA-NEWS. December 25, 2009. Under the decree, it was endorsed the intergovernmental agreement payment of the debt formed in 1992-93, the agriculture co-operation agreement, the agreement on brotherly relationships between Sumgait and Aktau cities.

The decree commissions the Ministry of Foreign Affairs of Azerbaijan to inform Kazakhstan about approval of these agreements in Azerbaijan.

The governments of Azerbaijan and Kazakhstan managed to solve the issue of repayment of financial claims only after 12 years of discussion

Kazakhstan obtained from Azerbaijan to recognize economic debt (between enterprises) as state one and its repayment by the Azerbaijani government.

Since 1997, a protocol has been valid between the two countries, under which Azerbaijan was ready to repay the whole amount of the debt to Kazakhstan (US16.9 million), including US 8.4 million of state debt and US 8.5 million of commercial debt.