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Bakytzhan Sagintayev meets with a delegation of German business circles led by Manfred Grundke

by May 17, 2018 World Sports

Today in Ukimet Uyi, within the framework of the Astana Economic Forum, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met with Chairman of the German Committee on Eastern European Economic Relations Manfred Grundke and representatives of German companies.

The conversation focused on issues of further developing trade-and-economic cooperation with Germany, including increasing the number export-import operations, expanding the range of goods and services supplied, and establishing direct contacts between business circles of both countries.

Bakytzhan Sagintayev noted that Germany is one of the country’s key partners in the European Union and Kazakhstan is interested in expanding mutually beneficial cooperation.

It is important to make maximum use of the potential of the Intergovernmental Working Group on Trade and Economic Cooperation, the Kazakh-German Business Council and the Intergovernmental Agreement on Partnership in the Raw Materials, Industrial and Technological Spheres, B. Sagintayev noted.

The main spheres in which German companies operate and where they invest actively are construction, trade, industrial production, development of deposits, and promising areas are energy, the chemical industry and tourism.

10 special economic and 20 industrial zones are actively operating in Kazakhstan, within the framework of which investors are provided with the necessary infrastructure and receive state support. In this regard, the business circles of Germany invited to take an active part in the process of industrialization in our country, the implementation of joint projects in the field of digital and transport and logistics infrastructure, technologies and competencies in Industry 4.0, the development of data centers.

For reference: Foreign trade turnover between Kazakhstan and Germany for January-February 2018 amounted to $ 338.5 million, having increased 54.5% compared to the same period in 2017 ($ 219.1 million). Turnover for 2017 amounted to $ 1.9 billion (exports – $ 418.2 million, imports – $ 1.5 billion), whereas in 2016 the turnover amounted to $ 1.7 billion (exports $ 262 million, imports – $ 1.44 billion) .

Source: Government of the Republic of Kazakhstan