Kazakhstan and Italy signed 10 memoranda worth 180 million
euros during a joint business forum in Astana. The two sides agreed to
strengthen cooperation in mechanical engineering, petrochemicals, agricultural
processing, metallurgy, and the digitalization of logistics processes. The
agreements also provide for establishing joint production facilities in
Kazakhstan, with the expectation that their products will be sold to markets in
China, the European Union (EU), and Central Asia. The forum also highlighted
initiatives to boost bilateral trade, noting that figures for 2024 alone have
increased by a quarter. This growth is expected to continue, as emphasized
during the event.
«We at QazTrade are looking to promote the “Made with Italy”
initiative to ensure these products are well received in the Italian market. In
2024, trade turnover between our countries exceeded 19 billion. Last year, our
exports mainly consisted of traditional resources - raw materials such as oil,
grain, and durum wheat flour - while imports were primarily machinery,» said Aitmukhammed
Aldazharov, CEO of the QazTrade Center for Trade Policy Development.
Both sides stated that the Kazakh-Italian partnership marks
a new chapter in bilateral relations, based not only on mutual benefit but also
on technological exchange and the coordination of economic strategies aligned
with global challenges.
«This day is very significant for us. Today, a number of
memorandums were signed across various sectors. Our cooperation goes beyond the
oil, gas, and petrochemical industries - strengthening collaboration in water
resource management and agriculture is equally important. We are committed to
continuing large-scale purchases of high-quality Kazakh agricultural products.
Italy is focused on creating favorable conditions to further develop our
bilateral trade,» said Antonello De Riu, Italian Ambassador to Kazakhstan.
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