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Kazakhstan is a global and reliable trade and economic partner - President

08.06.2023

Last year, Kazakhstan's exports increased by almost 40%. This was announced by the President of Kazakhstan Kassym-Jomart Tokayev, speaking at the plenary session of the Astana International Forum, Kazpravda.kz correspondent reports .

As the head of state noted, Kazakhstan has long been a crossroads between East and West, North and South.

“In many ways, this forum corresponds to the culture and history of the great Eurasian steppe. We are proud of this heritage. It is from the continuous exchange of goods, cultural achievements and ideas that the unique national identity of Kazakhstan and its special brand of multilateral cooperation has developed,” Tokayev is sure.

Despite geopolitical upheavals, Kazakhstan continues to serve as the economic powerhouse of Central Asia, the president said, emphasizing that our republic continues to attract significant foreign investment and provide exceptional conditions for doing business.

“At the same time, we hope for mutual responsibility on the part of our foreign partners. This is the basic principles of our policy. In turn, this creates equal rights and opportunities for small and medium enterprises, which play a very important role in the economic development of our country.

Last year, Kazakhstan's exports increased by almost 40%. While a significant portion of our GDP still comes from the energy sector, our drive to diversify is growing stronger. We are seeing growth in industries such as automotive, pharmaceuticals, metalworking and engineering.

We invite everyone who is interested in finding new opportunities for business and economic partnership,” the President urged.

He indicated that the Middle Corridor, or the Trans-Caspian International Transport Route, connecting China with the European Union, opens up new opportunities for trade and investment. This route will reduce the time of transportation of goods across the Indian Ocean by almost half.

“I also want to emphasize the key role of Kazakhstan in the Belt and Road Initiative, which contributes to economic development and strengthening intra-regional contacts.

We seek to strengthen the physical connection between nations and people here today, and to strengthen the bonds between our communities as partners and friends.

Considering all these factors, today we can say that Kazakhstan is a truly global, and most importantly, reliable trade and economic partner,” the President summed up.

 

Photo: press service of the President of the Republic of Kazakhstan