Kazakhstan and France increase trade, investments

NUR-SULTAN (TCA) — In January-September of this year, trade between Kazakhstan and France increased by more than 6%, to US $3.4 billion, and the inflow of direct French investment in the economy of Kazakhstan in the first half of 2019 increased by more than 24%, to $537 million. This was said at the meeting of Kazakhstan’s Prime Minister Askar Mamin with representatives of the France-Kazakhstan Chamber of Commerce and Industry headed by its President Gerard Fries, the prime minister’s press service reported on November 7.

“France is one of the key partners of Kazakhstan in Europe. Investment, trade and economic cooperation between our countries is actively developing. French companies are widely represented in the energy, agricultural, engineering and other sectors of the economy of Kazakhstan,” said Prime Minister Mamin.

The Kazakh prime minister and representatives of French companies discussed issues of strengthening mutually beneficial cooperation between the business structures of the two countries and the implementation of new joint investment projects in Kazakhstan.

In Kazakhstan, about 230 enterprises with French capital operate in various fields, including such large multinational corporations as Total, Orano, Alstom, and others. Over the years of Kazakhstan’s independence, French companies have invested over $16.4 billion in the Central Asian country.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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