Estonia is one of Kazakhstan’s important partners in Northern Europe
Estonia is one of Kazakhstan’s important partners in Northern Europe. The countries are interested in expanding trade, economic and investment ties in areas such as transit-transport, environment, energy-saving technologies and IT. Businessmen of the two countries spoke about the cooperation at the Kazakh-Estonian business forum in Astana. Estonian companies were introduced to Kazakhstan’s investment potential as well as to existing programs and preferences for investors.
BAKYTZHAN SAGINTAYEV, KAZAKH PRIME MINISTER:
- We have adopted a special state program titled ‘Digital Kazakhstan.’ The document was adopted at the end of last year. The Estonian experience in the development of a startup ecosystem is well known and projects as part of ‘Digital Kazakhstan’ could be a promising field for cooperation.
JURI RATAS, ESTONIAN PRIME MINISTER:
- We discussed quite a lot on different aspects and cooperation between Kazakhstan and Estonia, digitalization or education, or agriculture as the prime minister said. Also the Silk Road, this one belt road between Kazakhstan and Estonia and of course, Estonia is very interested to be part of this railway connection between two countries.
Kazakhstan has 70 companies with Estonian investments in various industries. Today, Kazakhstan is interested in terminals and distribution centres of Estonian ports. This is an opportunity to increase exports and expand the presence of Kazakh products in the European markets.
TIMUR DZHAIKOV, DEPUTY CHAIRPERSON, KAZAKH INVESTMENT COMMITTEE:
- The trade turnover between Kazakhstan and Estonia is estimated at nearly US$32 million. It is important to highlight the commodity items and exports such as oil and petroleum products. In addition, we export copper. Estonia mainly exports food, engineering and pharmaceuticals.
TOOMAS KASTIK, ADVISOR TO ESTONIAN INVESTMENT AGENCY:
- In terms of logistics, there are huge unused resources as well as digital transformations in different industries, including state administration, education, medicine, transport and of course, production and industry.
According to the results of the business forum, the countries have signed bilateral agreements including a memorandum of cooperation in the development of renewables.