Kazakhstan-EU trade turnover amounted to 20 billion dollars - Cabinet of Ministers

This is 51.2% higher compared to the same period in 2021.
Фото: Cabinet of Ministers 19.07.2022 342

Kazakh Prime Minister Alikhan Smailov held a meeting of the Kazakhstan-EU dialogue platform, El.kz reports with reference to the press service of the Government.

The event was attended by the head of the Delegation of the European Union in Kazakhstan, the ambassadors of Germany, France, Spain, Lithuania, Poland, Belgium, Sweden, Slovakia, Estonia, Croatia, the Netherlands, Bulgaria, the Czech Republic, Latvia, Finland, Italy, Austria, Greece and Romania in our country, as well as the heads of central state bodies and national companies.

Opening the meeting, the Prime Minister noted that the European Union has been one of the main political, trade, economic and investment partners of Kazakhstan for many years.

Thus, the trade turnover between Kazakhstan and the EU countries for 6 months of 2022 amounted to $ 20.1 billion, which is 51.2% higher compared to the same period in 2021.

At the end of the first quarter, the gross inflow of foreign investment increased by 54% and amounted to 6.8 billion dollars. At the same time, the level of capital attraction to the mining industry increased by 35.7%, amounting to 3.5 billion dollars.

"We see that the European Union is showing interest in Kazakhstan's mining industry. Indeed, the potential for cooperation in this sector is enormous. In this regard, we call on the geological services of the European Union countries to jointly partner in the field of digitalization, the development of geological science and the creation of industry infrastructure," Alikhan Smailov said.

The Prime Minister noted that as part of the automation of the industry, a single Kaznedra platform is being created by combining and integrating all existing information systems in the field of subsoil use. This platform will contribute to the provision of comprehensive service support to investors in the "single window" mode.

The Head of Government also stressed that Kazakhstan, along with traditional types of geological exploration, is interested in advanced methods of geophysical research.

"Taking this opportunity, I would like to cofirm Kazakhstan's intention to expand and strengthen our economic cooperation with the EU countries," Alikhan Smailov said.

During the meeting, the participants discussed the issues of mining, the use of new technologies, the digitization of geological data, attracting investments, processing industrial waste and protecting the environment.