The trade turnover between
Kazakhstan and the EU countries exceeded $34 billion in the first 10 months of
2023. The EU countries invested over $5 billion in Kazakhstan’s economy in the
first half of the year. Since 2005, the total volume of European investments
has reached $175 billion. These figures reflect a consistent course towards the
expansion of trade and economic cooperation, as highlighted by Kazakh Prime
Minister Alikhan Smailov at the 13th meeting of the Kazakhstan-EU dialogue
platform. The country, in cooperation with European companies, actively
implements and expands a pool of investment projects. Some of these initiatives
include the production of green hydrogen in the Mangystau region, a
one-gigawatt wind farm, the fourth gypsum board manufacturing plant, and an
enterprise for large-unit assembly of vehicles. Smailov noted that creating
favorable conditions for businesses and improving the investment climate remain
among the government’s top priorities. The event also featured discussions on
refining the country’s tax and customs systems, developing the pharmaceutical
industry, geological exploration, and agricultural industry, as well as on
business support.
