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Prime Minister meets with Czech Minister of Industry and Trade

by December 8, 2016 General

Prime Minister met today at the Ukimet Uyi with the Czech Minister of Industry and Trade Jan Mladek. The meeting covered the further trade and economic cooperation in renewable energy, engineering, agriculture, education and culture.

Examples of successful economic collaboration include the functioning of Kazakhstans Asia Auto JSC production line of Skoda cars. Since 2005, the Skoda production volume in Kazakhstan amounted to 19,888 vehicles 69,669 million tenge worth.

The parties are ready for further strengthening of mutually beneficial cooperation in various sectors, including oil and gas, agriculture, transport, construction, motor industry, tourism, environmental protection.

For reference:

Since the establishment of diplomatic relations (January 1, 1993) 181 legal entities, affiliates and representative offices of the Czech participation are registered in Kazakhstan.

Kazakh-Czech trade volume over January-October 2016 amounted to $199,405 million, when in 2015 the figure was $222,823 million over the same period; in 2015 – $271,855 million, 2014 – $453,365 million. Kazakhstan is the third largest oil supplier to the Czech Republic after Russia and Azerbaijan.

From 2005 to the first half of 2016, the FDI gross inflow from the Czech Republic to Kazakhstan amounted to $182.9 million, the FDI gross outflow from Kazakhstan to the Czech Republic amounted to $14.5 million.

Source: Government of the Republic of Kazakhstan