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Bakytzhan Sagintayev held a meeting with the Canadian Parliamentary Delegation

by January 20, 2017 Key Issues

During the meeting, the sides discussed prospects of cooperation between the two countries in various spheres of socio – economic development of Kazakhstan and Canada, including on agriculture, agricultural industry, cultural and humanitarian ties, civil aviation, aerospace and military industries.

Particular emphasis was given to the interaction between business structures of the two countries within the framework Kazakhstan Canada Business Council (KCBC), established in 2016. According to the parties his work will significantly strengthen trade-economic and investment cooperation between the two countries.

Prime Minister noted that Canada is an important partner of Kazakhstan. The approaches of our countries to overcome the global economic challenges are the same, given the emphasis on increasing investment in infrastructure, as well as regional and global economic integration, stressed B.Sagintayev.

Prime Minister B.Sagintayev expressed confidence that the active participation of Canadian companies in Kazakhstan held in the International Exhibition “Expo – 2017” and exchange of renewable energy experience will give a new impetus to relations between the two countries.

For reference:

The volume of commodity turnover between Kazakhstan and Canada amounted to 327.3 million dollars in January-November 2016. We denote the growth of Kazakhstan’s exports, with the result that, for 11 months of 2016 trade balance was positive for Kazakhstan and reached 134 million dollars.

The inflow of direct investment from Canada to Kazakhstan amounted to 70.0 million dollars in the 1st half of 2016. According to the Ministry of Foreign Affairs of Canada, the investment volume in Kazakhstan amounted to almost 16 billion dollars in 1994. (10.98 billion dollars in 2010-2014). Canada ranks 11th among the investors.

Source: Prime Minister of the Republic of Kazakhstan