Kazakhstan, France to sign 15 economic cooperation agreements
Astana, Kazakhstan, Dec. 5
By Daniyar Mukhtarov - Trend:
The Kazakh-French business forum started in Astana Dec. 5.
"Around 15 agreements worth $530.3 million will be signed as part of the Kazakh-French business forum," the Kazakh Ministry of Investment and Development said.
In general, over 250 businessmen, representatives from national companies, financial institutions, non-governmental sector and educational institutions will attend the forum.
At present, the main directions of Kazakhstan-France economic cooperation are oil and gas, mining, aerospace, nuclear industry, transport engineering, banking sector and agriculture, the ministry said.
As of the first nine months of 2014, the bilateral trade turnover between Kazakhstan and France was $4.7 billion. Kazakhstan mainly exports oil, metals and chemical products to France. Kazakhstan imports industrial equipment, medicines, cosmetics, cars, food from France. The two countries cooperate in the production of aircraft and spacecraft.
Over the past nine years, French investments in Kazakhstan's economy amounted to about $10.8 billion. Around 150 companies with French capital have been registered in Kazakhstan.
edited by CN