BAKU, Azerbaijan, Nov.29
By Nargiz Sadikhova - Trend:
Value of mutual trade turnover of Kazakhstan and France amounted to $3.4 billion tenge during nine months of 2019, indicating an increase over six percent compared to the same period of last year, Trend reports with reference to the press office of Kazakhstan’s prime minister.
The was announced during the meeting between Kazakhstan’s Prime Minister Askar Mamin and representatives of the Movement of the Enterprises of France (MEDEF) and members of the France-Kazakhstan Chamber of Commerce and Industry, led by Co-Chair of the French-Kazakh Business Council Yves-Louis Darricarrere.
According to Mamin, Kazakhstan and France are strategic partners.
“We have built a solid foundation of trustful cooperation. This leads to significant economic, political and cultural dividends for both parties,” said Mamin.
Thus, trade turnover between Kazakhstan and France amounted to $3.4 billion, exceeding the figures of Kazakh trade with other countries of the European Union. The inflow of direct French investment in the economy of Kazakhstan increased by over 24 percent and equaled $537 million during 1H2019.
Mamin also noted that a large number of joint investment projects are currently under implementation.
“About 230 enterprises with French capital operate in Kazakhstan in various fields, including such large transnational corporations as Total, Orano, Alstom, and others. French companies invested over $16.4 billion in Kazakhstan over the period of Kazakhstan’s independence,” he said.
During the meeting parties discussed strengthening mutually beneficial cooperation between the business structures of the two countries, as well as implementing joint projects in the fields of energy, modernization of water and housing and communal infrastructure, digital healthcare, biometric systems, automotive, transformer manufacturing, space satellite assembly and so on.
The Movement of the Enterprises of France is the largest organization of the country's business community, uniting 800,000 companies of various profiles.
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