Kazakh-Portuguese trade, economic and investment cooperation discussed in Lisbon

LISBON, January 15, 2020 – The Ambassador of the Republic of Kazakhstan to Portugal Daulet Batyrashev recently met with the President of the Chamber of Commerce and Industry of Portugal (CCIP) Bruno Bobone.

During the meeting, they discussed prospects for developing bilateral economic cooperation, implementing projects for attracting investments into Kazakhstan's economy and visits of Portuguese business delegations.

The Kazakh diplomat outlined recent reforms undertaken to protect foreign investors – this includes the Investment Ombudsman, free economic zones and investment preferences, the activities of NC Kazakh Invest JSC, AIFC, IGTIC, the International Park of IT Startups “Astana Hub” and other platforms. Special attention was paid to the transit and transport capacity of Kazakhstan, and the possibilities for establishing partnerships in logistics and the transportation of goods.

The parties positively assessed the potential for trade and economic cooperation between Kazakhstan and Portugal. Currently, there are 25 companies with Portuguese capital in Kazakhstan. A number of projects are being developed with companies in the fields of energy and RES, ICT, transport, construction and the agro-industrial complex.

Following the meeting, an agreement was reached to organize a business mission of Portuguese companies to Almaty under the CCIP in February in order to conduct negotiations with potential business partners. In addition, mutual understanding on the holding of the Kazakh-Portuguese Investment Forum in Lisbon in the second half of 2020 was achieved.

The Chamber of Commerce and Industry of Portugal (CCIP), founded in 1834, is the oldest business support association in Portugal. About 1,000 companies are members of the CCIP. Every year, the Chamber organizes more than 120 events involving 5,000 enterprises.

Created at : 15.01.2020, 19:10, Updated at : 15.01.2020, 19:10