EU's Investments In Kazakhstan Climb Over $12Bln In 2022

(MENAFN– Trend News Agency) BAKU, Azerbaijan, June 5. European investments
in Kazakhstan in 2022 saw a remarkable increase of 23 percent,
totaling $12.5 billion, President of Kazakhstan Kassym-Jomart
Tokayev said, trend reports.

He made the remark at the Central Asia-EU summit held in
Kyrgyzstan today.

“The mutual trade volume between Kazakhstan and European Union
countries has reached an impressive $40 billion. The prospects for
cooperation between Central Asia and the European Union are indeed
extensive,” he said.

Out of the $350 billion in foreign direct investments attracted
to Kazakhstan over the past 30 years, nearly half of them originate
from Europe. The EU stands as Kazakhstan’s largest trading partner,
accounting for over 40 percent of its foreign trade, the president

As President Tokayev added, there is every opportunity to
increase the volume of trade turnover with the EU countries up to
$50 billion by 2025.

Kassym-Jomart Tokayev emphasized that the comprehensive
partnership between Kazakhstan and the EU is reinforced by new
agreements in strategically important sectors. These agreements
further enhance cooperation and open up new avenues for mutually
beneficial collaboration.


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