BAKU, Azerbaijan, October 27. More than $160 billion of investments from the EU have been attracted to the economy of Kazakhstan over 30 years, the country’s President Kassym-Jomart Tokayev said during a briefing following the visit of the European Council President Charles Michel to Astana on October 27, Trend reports.
According to Tokayev, the European Union is one of the country's largest trade and investment partners.
"Over eight months of this year, trade between Kazakhstan and the European Union increased by 43 percent and amounted to $26 billion," he noted.
The president of Kazakhstan also noted that during the talks with Michel, a positive assessment was given to bilateral relations in the fields of energy, green economy, agriculture, transport and logistics. The parties agreed on joint efforts to further enhance mutually beneficial cooperation.
“First of all, we took into account the great potential for cooperation between Kazakhstan and the EU in such areas as the transportation of critical raw materials and green energy. Besides, the importance of expanding international transport routes to facilitate global supply chains. This is especially important given the current geopolitical situation,” Tokayev stressed.
“We also considered the opportunities of using the Trans-Caspian International Transport Route by the European Union. Special attention was paid to minimizing the negative consequences for the economy of Kazakhstan against the backdrop of European sanctions,” he added.