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Kazakh-German Business Council Meets to Expand Economic Cooperation

The 15th meeting of the Kazakh-German Business Council for Strategic Cooperation, co-chaired by First Deputy Prime Minister of Kazakhstan Roman Sklyar and Director of the Eastern Committee of the German Economy Michael Harms, was held in Berlin on August 28. The meeting gathered Kazakh government and business representatives and heads of leading German companies such as Siemens, Svevind Energy, CT Agro, CLAAS KGaA, Flight Design General Aviation, Deutsche Bahn, KfW Banken Gruppe, and Deutsche Bank. The co-chairs emphasized that the event was taking place ahead of Federal Chancellor of Germany Olaf Scholz's visit to Kazakhstan in September. The meeting focused on expanding Kazakh-German trade and economic cooperation, attracting investments, and implementing joint projects in the agro-industrial sector and processing industry. It was noted that Germany is Kazakhstan's largest trading partner in the European Union, and that Kazakhstan is among Germany's top 50 foreign trade partners. The lion's share of German investments in Kazakhstan go to the country’s non-raw materials sector — the processing industry, chemical industry, production of building materials, transport, and agro-industrial sector. Speaking on the sidelines of the event, Kazakhstan Deputy Minister of Foreign Affairs Alibek Kuantyrov urged further to intensify cooperation between the Kazakh and German business communities. Noting the critical role of German companies in Kazakhstan’s industrialization, Kuantyrov stated that German companies are implementing 66 projects in Kazakhstan for a total of $54 billion, creating about 15,000 jobs. Kuantyrov added that since 2005, German companies have invested about $7.8 billion in Kazakhstan’s economy, with a significant increase in the past year, reaching $770 million. He expressed confidence that the upcoming visit of Scholz to Kazakhstan will bring bilateral relations to a new level and give an additional impetus to strengthening existing and creating new economic ties. Kuantyrov emphasized the significance of cooperation in the context of the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. He noted that cargo traffic through the Middle Corridor to Germany and the EU has increased almost threefold since the beginning of 2022 — to 1.5 million tons and 2.6 million tons, respectively, during the first seven months of this year, adding that the potential of TITR is estimated at 10 million tons of cargo a year. In this regard, Kuantyrov invited German partners to participate in developing Kazakhstan’s Caspian Sea ports of Aktau and Kuryk.

Mutual trade Azerbaijan Bilateral Relations International Cooperation International Relations

Uzbekistan and Azerbaijan Seal Lucrative Deals

On August 22, at the invitation of Shavkat Mirziyoyev, President of Azerbaijan, Ilham Aliyev, arrived in Uzbekistan on a state visit. The event, covered by the presidential text service, included a report on a meeting between the presidents, and the first sitting of the Interstate Supreme Council on August 23, at which Mirziyoyev announced: “Today, we will sign the Treaty on Union Relations. For several years, we have raised Uzbekistan-Azerbaijan relations to the highest level of interstate cooperation." The Uzbek president then referred to the 30th anniversary of diplomatic relations between Uzbekistan and Azerbaijan, to be celebrated next year and in turn, Mirziyoyev proposed commemorating the date and declaring 2025, 'Year of Economic Cooperation between Uzbekistan and Azerbaijan'. As a result of the meeting, an agreement was made to adopt a comprehensive program covering 20 prioritized sectors. Cooperation on a portfolio of projects, worth over 2 billion dollars, in energy, chemistry, mining, textile, agriculture, urban development, and other areas was established, and agreement met on increasing the number of air flights, easing surface and air transport procedures, and digital solutions. Mirziyoyev proposed establishing a mechanism for regular meetings between rectors of the two countries' leading universities and holding a joint media forum. Prospects of building tourism and business complexes in the capitals were also discussed to increase the flow of tourists, humanitarians, and business exchanges. In addition, the presidents signed an Agreement on Union Relations, adopted at the first meeting of the Interstate Supreme Council. The meeting closed with a ceremonial signing of bilateral documents comprising: ¾ Intergovernmental agreement on labor activity and protection of citizens’ rights; ¾ Practical action plan for further expansion of trade, economic, and investment cooperation; ¾ Memorandum on cooperation in the fields of preschool education, vocational education, secondary special education, higher education, and science; ¾ Action plan in the field of tourism for 2024-2026; ¾ Cooperation program for 2024-2026 between the Ministry of Justice of Uzbekistan and the State Agency for Citizen Services and Social Innovation under the President of Azerbaijan; ¾ Memorandum on cooperation between the Center for Professional Development of Lawyers under the Ministry of Justice of Uzbekistan and the Academy of Justice of the Ministry of Justice of Azerbaijan; ¾ Agreement on cooperation between the National Guard of Uzbekistan and the Ministry of Internal Affairs of Azerbaijan, and ¾ Memorandum on cooperation between centers of forensic expertise. During the event, the presidents also met with representatives of companies from both countries including Azerbaijan’s PASHA Holding, SOCAR, SOFAZ, Agalarov Development, Silk Way Group, Matanat, Sarda Group, AzerGold, Azermash, Azerbaijan Investment Holding, Azerbaijan Railways, and Alyat Free Economic Zone. The meeting concluded with the launch of various cooperative projects ranging from the construction of hotel and residential complexes in Tashkent and building material production in the Kashkadarya region (Uzbekistan), to the establishment of textile clusters and a sewing factory in Azerbaijan. To mark the end of the state visit, the two presidents and their wives attended in a concert featuring artists from the two countries.

Export/Import Economy South Korea Economic Cooperation Mutual trade

Kazakhstan and South Korea: “A Golden Bridge of Friendship”

The President of Kazakhstan, Kassym-Jomart Tokayev, held talks with the President of South Korea, Yoon Suk Yeol. According to Tokayev, Seoul is one of Astana’s most important strategic partners in the Asia-Pacific region. Korea ranks fourth in foreign trade turnover, and is among Kazakhstan’s top ten largest foreign investors. South Korea has become a true economic and technological locomotive on a global scale, Tokayev stated. World-renowned Korean corporations seriously support promoting the country’s position in the international arena as a “key global state.” Kazakhstan and Korea have achieved a high level of political dialog, establishing fruitful economic cooperation and strong humanitarian ties. The two countries interact in various spheres, including inter-parliamentary, inter-governmental, and inter-departmental contacts. According to Tokayev, regular contact between businessmen of the two countries plays a very important role in building close ties. More than 700 companies with South Korean capital successfully operate in Kazakhstan. “The 120,000 ethnic Koreans in Kazakhstan fulfill an important role and make an invaluable contribution to strengthening our relations. In turn, more than a thousand Kazakh students studying in Korea are a ‘golden bridge of friendship’ between our countries,” Tokayev stated. During the talks, the presidents discussed prospects for bilateral cooperation in energy, infrastructure and industry, engineering, trade, transport and logistics, digitization and the aerospace industry, the financial sector, education, healthcare and pharmaceuticals, tourism and culture, ecology, and other fields.

Transport cooperation Mutual trade Kazakhstan Armenia

Kazakhstan and Armenia Negotiate on Trade and Transport Cooperation

Following negotiations on 15 April in Yerevan, with Armenian Prime Minister Nikol Pashinyan, Kazakh President Kassym-Jomart Tokayev stated that with regard to furthering cooperation, the countries enjoy “unshakable friendship and mutual support.” With reference to developing a more comprehensive partnership, he cited their common goals as expanding and activating bilateral ties, and strengthening regional and international security. Negotiations also focused on enhancing cooperation in economic and investment and the Kazakh president reported, “We - both agreed - that it is necessary to look for new directions that will give impetus to the growth of trade turnover. Kazakhstan is ready to increase its exports to Armenia to $350 million.” Tokayev stressed that development of the transport and logistics sector is key to strengthening Kazakh-Armenian cooperation and hailed Armenia’s readiness to restore transit communications in the South Caucasus under the ‘Crossroads of Peace’ initiative. Aimed at developing communications between Armenia, Turkey, Azerbaijan, and Iran, the Armenian-proposed initiative includes renovating, building, and operating roads, railways, pipelines, cables, and electricity lines. In addition, the Kazakh president welcomed proposals for the operation of direct flights between the countries’ capitals and other cities. Pashinyan likewise emphasized the significant headway made during the negotiations, saying, “We have identified further prospects for strengthening our cooperation, including - transport and logistics. We agree that despite the constant growth in trade turnover, there is still unrealized potential for the development of trade and economic cooperation.”

Kazakhstan Uzbekistan Mutual trade

Kazakhstan and Uzbekistan Set to Increase Trade

On March 15th, Kazakh Prime Minister Olzhas Bektenov and Uzbek President Shavkat Mirziyoyev and Prime Minister Abdulla Aripov met in Uzbekistan to discuss the expansion of Uzbek-Kazakh cooperation to increase the volume of mutual trade. The key sectors in the strategic partnership include industry, transport, and logistics and last year, trade turnover between Kazakhstan and Uzbekistan amounted to $4.5 billion. Negotiations with the Prime Minister of Uzbekistan Abdulla Aripov focused on measures to increase trade, investment, water, energy, transit, transport, and cultural cooperation, as well as strengthening interaction in the field of agriculture. The Kazakh prime minister placed emphasis on the need to increase the region's potential regarding transit and transport as well as the use of water. He also announced Kazakhstan’s readiness to expand export to Uzbekistan through the addition of 255 commodities in the amount of almost $500 million. Both parties noted significant progress in the industrial sector which has led to the implementation of 60 projects worth $2.6 billion and the creation of over 13,000 jobs.