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Tuesday, September 21st, 2021

Bakytzhan Sagintayev holds a meeting with Head of European Union Delegation to Kazakhstan, Traian Hristea

by May 4, 2018 Market

During the meeting, issues of implementation of the Agreement on Enhanced Partnership and Cooperation between the Republic of Kazakhstan and the European Union, expansion of trade and economic cooperation and attraction of foreign investments were discussed.

For reference: Trade and economic relations between Kazakhstan and the European Union remain at a high level. The EU is the main trade and investment partner of Kazakhstan. It accounts for 50% of Kazakhstan’s foreign trade turnover and more than half of the attracted foreign capital in the economy of our country.

Kazakhstan’s foreign trade turnover with the EU countries in January-March 2018 amounted to $9 billion (January-March 2017 � $6.8 billion). From January to December 2017 this figure was $30 billion (exports � $24.2 billion, imports � $5.7 billion), which is 49.8% of the total foreign trade turnover of Kazakhstan in the amount of $60.2 billion.

For 2017 gross inflow of direct foreign investments from the European Union reached $9.8 billion of $20.7 billion of all attracted. The main investing countries are the Netherlands ($ 4.4 billion), Belgium ($960.6 million), France ($595.3 million), Great Britain ($418.8 million), Germany ($280.8 million) and Luxembourg ($276, 8 million).

The trade turnover between Kazakhstan and the EU countries in January-February 2018 amounted to $5.5 billion, which is 32.6% higher than in the same period last year ($4.2 billion).

Exports from Kazakhstan to EU countries in January-February 2018 increased by 35.2% and amounted to $4.7 billion. Imports to the Republic of Kazakhstan from the EU countries in January-February 2018 increased by 19.6% and amounted to $837.7 million.

Source: The Prime Minister of Kazakhstan