18 September, 2018

​Kazakhstan and Germany Aim To Strengthen Strategic Partnership

1058 timeviewed

 Kazakhstan and Germany aim to further strengthen strategic partnership in political, trade and economic areas with a particular focus on cooperation in the high-tech Industry 4.0 and education. This was discussed today in Astana at a meeting of Minister of Foreign Affairs Kairat Abdrakhmanov with Minister of State of the Federal Foreign Office of the Federal Republic of Germany Niels Annen.

“Cooperation between Kazakhstan and Germany has becomesustainedon the whole range of relations. And regular contacts at the highest level between President of Kazakhstan Nursultan Nazarbayev, Federal President Frank-Walter Steinmeier and Chancellor of the Federal Republic of Germany Angela Merkel are of paramount importance," Minister Abdrakhmanov noted.

The Kazakh Foreign Minister stressed the existing significant potential in trade, economic and investment domains.

It was noted that Kazakhstan was a priority for Germany's foreign policy and economic agenda in Central Asia, and appreciation was expressed for supportingGermany'scandidacy for a non-permanent seat on the UN Security Council for 2019-2020.

The prospects of bilateral trade and economic cooperation were discussed separately. The sides welcomed the steady growth of trade turnover between Kazakhstan and Germany, which reached $4.9 billion in 2017. A significant potential for enhancing investment cooperation was commended. In 2017, the gross inflow of German direct investment in Kazakhstan's economy amounted to more than $345 million. In total, from January 2005 to January 2018 the gross inflow of direct investment from Germany to Kazakhstan exceeded $4.2 billion.

It was especially emphasized that over 90% of German investmentin Kazakhstan's economy fall on the non-energy sector, particularly, onthe manufacturingand chemical industry, building material production, transport and agribusiness. In this respect, the importance of further cooperation in this area was noted, especially given the achievements of Germany in implementing Industry 4.0technology. A bilateral partnership agreement in the commodity, industrial and technological areas facilitates this matter.

The sides agreed to continue supporting the growing dynamics of bilateral relations through existing and new cooperation institutions.

Views were also exchanged on topical issues on the international agenda, including the situation in Syria and concerning the DPRK.

Баннер
Last news

Kazakhstan Secretary of State appointed

Politics • 18 September, 2019

Coppa Sabatini 2019. Team's roster

Sport • 18 September, 2019

Kassym-Jomart Tokayev arrives in Hangzhou

President • 12 September, 2019

Astana Media Week forum begins in the capital

Kazakhstan • 11 September, 2019

Tokayev is interviewed by Chinese CCTV channel

President • 10 September, 2019

Similar news