Kazakhstan, EU sign $12 billion in agreements

Kazakhstan, EU sign $12 billion in agreements

President Kassym-Jomart Tokayev took part in the Kazakhstan-EU roundtable in Brussels, where he underscored the strategic nature of cooperation between Kazakhstan and the European Union. The Head of State noted that the EU accounts for nearly half of all foreign direct investment attracted to Kazakhstan, while bilateral trade exceeded $45 billion last year. Around 4,000 companies with European participation currently operate in the country. Highlighting promising areas of cooperation, President Tokayev emphasized Kazakhstan’s ambition to become a key logistics hub connecting Europe with Central Asia, China, the Caucasus, and the Middle East.


«We are investing heavily in infrastructure, including the construction of thousands of kilometers of new railways and the development of the Trans-Caspian International Transport Route. These efforts align seamlessly with the European Union’s Global Gateway Strategy, transforming the Middle Corridor into a core, sustainable artery for secure Euro-Asian connectivity,» President Tokayev noted.


Notably, as part of the President’s visit to Brussels, commercial agreements worth more than $12 billion are expected to be signed. In particular, the Development Bank of Kazakhstan and European financial institutions concluded agreements totaling $1 billion to support the development of transport and logistics infrastructure. The Head of State also noted that Kazakhstan is ready to supply 21 of the 34 raw materials included on the European Union’s list of critical minerals.


«Kazakhstan is the worlds largest producer of uranium, supplying around 40% of global demand. Alongside our substantial reserves of oil, gas, and coal, we are actively developing green hydrogen projects. Furthermore, significant untapped reserves of lithium, nickel, vanadium, and cobalt lie within our territory. Ultimately, we offer our partners a pragmatic formula: investments and technologies in exchange for access to strategic resources, fully aligned with European standards,» President Tokayev added.


The Head of State also called on European partners to expand cooperation in livestock farming, grain breeding, and precision agriculture. He emphasized that the European Union is one of Kazakhstan’s key partners in science and education. Kassym-Jomart Tokayev noted that the discussions had once again reaffirmed the mutual commitment of the two sides to further strengthening their strategic partnership.