Kazakhstan – Germany: economic cooperation

Kazakhstan – Germany: economic cooperation

Kazakhstan and Germany are strengthening economic partnership. Leading German companies and its Kazakh counterparts will cooperate on food industry, agriculture, renewable energy and technology transfer. A number of agreements and memorandums were signed in Berlin during the Kazakh-German Business Council meeting. The parties discussed future projects and the implementation of existing projects. Over the past four years, the enterprises of the two countries have signed more than 20 contracts worth two billion Euros.

BOLAT NUSSUPOV, KAZAKH AMBASSADOR TO GERMANY:

- Germany is Kazakhstan’s strategic partner in Europe, just as Kazakhstan for Germany in Central Asia. We have strategic economic relations. The Business Council is a very important institutional body for our trade and economic relations which was established in 2010 during Angela Merkel’s visit to Kazakhstan and Astana. Prior to this meeting, we held 10 meetings.

LAZZAT RAMAZANOVA, SENIOR STAFF, ‘ATAMEKEN’ NATIONAL CHAMBER OF ENTREPRENEURS:

- Members of the council discussed the most important points of the agenda including 24 projects that are being implemented. At the meeting, it was announced that five out of 24 projects were successfully implemented this year and 11 projects are in progress. The German Co-chair of the Council Peter Tils highlighted that politically, Germany is focusing on cooperation with Central Asia and Kazakhstan, because they see many opportunities for the development of joint business projects.