Astana to host negotiations on cooperation between Kazakhstan and EU

Photo: Astana to host negotiations on cooperation between Kazakhstan and EU / Kazakhstan

Astana, Kazakhstan, May 12

By Daniyar Mukhtarov - Trend:

The sixth round of the negotiations on the new enhanced Partnership and Cooperation Agreement between the European Union and Kazakhstan will be held in Astana, Kazakhstan this week, the country's Ministry of Economy and Budget Planning said.

"The draft of this agreement envisages the expansion of cooperation spheres, as well as modernization of trade, investment and economic sectors. The draft agreement focuses on the prospects of Kazakhstan's accession to the World Trade Organization (WTO) and intensification of integration in the Customs Union and the Common Economic Space," the ministry said.

During the negotiations, the sides intend to discuss the issues related to cooperation in the spheres of trade, investments, economic and sustainable development, as well as the financial cooperation, Kazakh ministry said.

Kazakhstan and EU are equally interested in the new agreement; this in fact reflects their willingness to move to a conceptually new level of relations by creating a new legal framework for deeper cooperation, Kazakh Ministry of Economy and Budget Planning said.

The negotiations on the agreement are expected to be completed by late 2014.

Translated by L.Z.

Edited by C.N.

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