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Kazakhstan, France trade turnover exceeds $3B

Business Materials 7 November 2019 13:12

BAKU, Azerbaijan, Nov.7

By Nargiz Sadikhova - Trend:

Following the end of first nine months of 2019, the value of trade turnover between Kazakhstan and France amounted to $3.4 billion, which indicates an increase of six percent compared to the same period of last year, Trend reports with reference to the press office of Kazakh prime minister.

This was announced at the meeting of Kazakhstan’s Prime Minister Askar Mamin with representatives of France-Kazakhstan Chamber of Commerce headed by its President Gérard Fries, during their visit to Kazakhstan.

According to Mamin, France is one of the key partners of Kazakhstan in Europe. Countries are actively developing investment, trade and economic cooperation.

“French companies are widely represented in energy, agriculture, mechanical engineering and other sectors of Kazakhstan,” Mamin said.

As it was noted, inflow of direct French investments into Kazakh economy amounted to $537 million during 1H2019, which is 24 percent more than during the same period of last year.

Thus, about 230 ventures with participation of French capital are operating in various sectors of Kazakh economy including Total, Orano, Alstom and others. Furthermore, over the course of Kazakhstan being independent country, France invested over $16.4 billion into country’s economy.

During the meeting, Mamin and representative of French companies discussed issues of strengthening mutually beneficial cooperation between business structures of both countries, and implementation of new joint investment projects in Kazakhstan.

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