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Key issues of strengthening political and economic co-operation discussed with EU ambassador

Murat Nurtleu, Minister of Foreign Affaires of the Republic of Kazakhstan, met with Ambassador Kestutis Jankauskas of the Representative Office of European Union (EU), in the Republic of Kazakhstan (picture). Interlocutors discussed the next steps in realizing the full potential of the Enhanced Partnership and Cooperation Agreement (EPCA) between the Republic of Kazakhstan and EU. The Kazakh Foreign Ministry highlighted the effectiveness of the dialogue platforms created under the EPCA as well as the dynamically growing engagement at the regional level.

In this context the parties discussed the preparations for the Central Asia-EU Economic Forum, which will take place on May 18-19 at Almaty. The parties paid special attention to the strengthening of the cooperation in transport, logistics, and infrastructure fields that are becoming increasingly important due to the EU Global Gateway Strategy. The parties discussed the issues on the international and regional agenda and outlined the priority areas of cooperation for the short, medium, and long-term.

The parties also agreed to intensify their interaction in order to further develop the Kazakhstan-EU cooperation. Refer to: European Union is Kazakhstan’s principal trade and investment partner. More than 30% of Kazakhstan’s foreign investments and trade are accounted for by the EU. In 2022 the trade turnover was $39.9 billion. This is 38% more than the previous year. Exports were $32.3bn and imports $7.6bn. In 2022, the European investment in Kazakhstan will grow by 23% to $12.5bn.

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