ASTANA, Kazakhstan, November 1. The French company Lactalis Group plans to expand cooperation with Kazakhstan and open new production facilities in the country, said the company's CEO, Emmanuel Besnier at a meeting with the President of Kazakhstan Kassym-Jomart Tokayev, Trend reports.
In turn, Kassym-Jomart Tokayev noted that this company was one of the first French enterprises to enter the Kazakh market 20 years ago.
"Today, several factories and dairy farms of the company operate successfully in our country," he said.
In addition, the Kazakh president noted that, against the backdrop of global food security risks, cooperation in the agro-industrial sector and food production is becoming important.
"In this regard, Kazakhstan encourages investment in the deep processing of agricultural products," he added.
From January through August 2023, trade turnover between Kazakhstan and France amounted to $2.7 billion, which is 21.1 percent higher than for the same period in 2022 ($2.2 billion).
Exports from Kazakhstan to France from January through August 2023 increased by 2.9 percent and amounted to $1.8 billion. Imports to Kazakhstan from France from January through August 2023 amounted to $881.8 million.