Cooperation of Kazakhstan with the European Union is expanding

BRUSSELS, January 20, 2020 - The Minister of Foreign Affairs of the Republic of Kazakhstan, Mukhtar Tileuberdi, took part in the 17th Meeting of the Cooperation Council of the Republic of Kazakhstan and the European Union. The European side was represented at the talks by Gordan Grlić-Radman, the Minister of Foreign and European Affairs of Croatia, which currently holds the presidency of the EU Council.

On the same day, the EU Council completed the ratification of the Enhanced Partnership and Cooperation Agreement with the Republic of Kazakhstan, which will be enacted in March 2020.

The Cooperation Council’s meeting was mainly focused on the political, trade and economic prospects of Kazakhstan-EU cooperation. The parties also exchanged views on recent international developments.

They discussed the ways and joint efforts to implement new EU strategies on Central Asia and the interconnectedness of Europe and Asia.

Representatives of the EU Council expressed willingness to work substantively with Kazakhstan on the implementation of the provisions of the Agreement in 29 promising areas of cooperation, including international and regional security, trade, investment, infrastructure development, as well as innovation, culture, sports and tourism.

The parties agreed that the strengthening of trade, economic and investment cooperation is a priority. Enhancing partnerships in energy, transport, environment, education and science has been confirmed to be of particular interest.

During the negotiations, the sides discussed preparations for the visit of President Kassym-Jomart Tokayev to Brussels scheduled for this year, and also agreed on a timetable for this year’s upcoming events related to the Kazakhstan–EU and the EU-Central Asia cooperation structures. 

At the end of the meeting of the Cooperation Council, the Kazakh Foreign Minister held a press conference for European media. 

The European Union is a key trading and investment partner of Kazakhstan, which accounts for around half of foreign trade and investment into the Kazakh economy.

Kazakhstan's foreign trade with EU countries for January-November 2019 amounted to 28.7 billion US dollars (exports - $22.7 billion, imports - $6 billion). In 2018, the turnover was 37.7 billion US dollars (exports - $31 billion, imports - $6.7 billion), in 2017 - 30 billion US dollars, and in 2016 - $24.1 billion US dollars.

5.4 billion US dollars of Foreign Direct Investment (FDI) were attracted in the first half of 2019. The FDI in 2018 amounted to 11.6 billion US dollars.

Kazakhstan became the first country in Central Asia to sign the Enhanced Partnership and Cooperation Agreement (EPCA) with the EU in 2015.

Created at : 21.01.2020, 06:10, Updated at : 21.01.2020, 06:10