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Prime Minister Askar Mamin holds meeting with ambassadors of the European Union

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Prime Minister Askar Mamin held a meeting with the heads of diplomatic missions of the EU Member States on the further development of investment cooperation.

The parties exchanged views on topical issues of trade and economic cooperation. The prospects for increasing the volume of trade in agricultural products were considered. Special attention was paid to promoting the export of Kazakh products to the EU.

Askar Mamin noted that the European Union is one of the largest trade and investment partners of Kazakhstan. The EU accounts for over 40% of Kazakhstan’s foreign trade turnover. In 2018, bilateral trade increased by 26%. Today in Kazakhstan there are more than 4 thousand companies with European participation, there are over 2 thousand joint ventures. Over the years of Kazakhstan’s independence, $125.1 billion of European investment has been attracted to the country’s economy.

It is necessary to work on building up investment cooperation, said Askar Mamin, noting the great potential in the field of industrialization, the agro-industrial complex, the transit transport potential, and the financial sector.

The head of Government of Kazakhstan said that the country is actively working to further improve the investment climate, expressed interest in continuing fruitful interaction and readiness for close cooperation on the development of trade relations in all sectors of the economy.

In turn, the heads of diplomatic missions noted the positive dynamics of work to create a comfortable environment for doing business in Kazakhstan. Head of the EU Delegation to Kazakhstan Sven-Olov Carlsson expressed confidence that the established bilateral relations of the countries and the active involvement of the Government of the Republic of Kazakhstan would give an additional impetus to strengthening investment cooperation using the existing potential.

Ambassadors of Germany, France, Latvia, Greece, the Netherlands, Austria, Finland, Belgium, Sweden, Poland, Italy, Croatia, representatives of Great Britain, Spain, Lithuania, Hungary, Bulgaria, Romania, Slovakia, the Czech Republic, Estonia, heads of major global companies took part in the discussion.

Source: The Prime Minister of Kazakhstan

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