Kazakhstan and France Strengthen Cooperation

Kazakhstan and France agreed to strengthen cooperation.

France is among the top five strategic partners of Kazakhstan in the European Union and it is also among the three largest foreign investors in the country.

In recent years, the volume of foreign direct investment from France in the economy of Kazakhstan amounted to US$15 billion.

Meanwhile, trade in 2018 increased by 32.5 per cent to reach US$4.5 billion.

There are about 170 enterprises with France participation operating in Kazakhstan. One of the joint projects between the countries includes an electric locomotive plant in Nur-Sultan.

“Kazakhstan is a strategic partner of France while France, in turn, opens up new opportunities for Kazakhstan to cooperate with Europe. Our relationship has great potential. It is important to establish new business contacts, improve relations and expand partnership with Kazakhstan,” said France’s Minister of Economy and Finance, Bruno Le Maire.

Kazakhstan and France are cooperating in a number of strategic industries. Among the priority, sectors include nuclear power, airport construction, energy and information security.

In addition, the two countries are interested to work in the field of transport, production of building materials and pharmaceutical industry.

France is the world leader in the production of alternative energy and the country is ready to share its technologies with Kazakhstan.

The experience of France in the field of IT will also be useful to local experts.

Photo: mod.gov.kz