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Trade turnover between Kazakhstan and Finland exceeds 60 million USD

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Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Roman Vasilenko and Ambassador Extraordinary and Plenipotentiary of the Republic of Finland in Kazakhstan Ilkka Raisanen held a joint press conference on the occasion of the 25th anniversary of the establishment of diplomatic relations between the two countries.

The sides noted the high level of development of Kazakh-Finnish cooperation and reaffirmed their mutual commitment to its further expansion and strengthening.

Roman Vasilenko on behalf of the Government of Kazakhstan congratulated the Finnish counterparts and people of Suomi on the 100th anniversary of Finnish Independence.

In his speech, the Deputy Foreign Minister noted that the political relations between Kazakhstan and Finland are based on a confidential and meaningful dialogue.

Finland is the largest trading partner and investor in the economy of Kazakhstan among the countries of Northern Europe.

Thus, in the first quarter of 2017 bilateral trade turnover between our countries amounted to 62.8 million USD (exports 34.3 million, imports – 28.4 million)

The main articles of Kazakhstan’s export are: oil and oil products, coal and briquettes, associated gas, wheat and meslin.

Imports from Finland mainly consist of industrial equipment and machinery, paper and paperboard, petroleum products, chemicals, medicines, medical equipment, cosmetics.

The gross inflow of direct investment from Finland to Kazakhstan from 2005 to the third quarter of 2016 was 294.6 million USD, gross investment outflow from Kazakhstan to Finland: 0.3 million USD.

In conclusion, Roman Vasilenko conveyed a congratulatory message from the Minister of Foreign Affairs of the Republic of Kazakhstan Kairat Abdrakhmanov to the head of the Foreign Ministry of Finland Timo Soini on the occasion of the 25th anniversary of the establishment of diplomatic relations between our countries.

Source: Government of the Republic of Kazakhstan

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