On April 5, 2018, Deputy Minister of Investments and Development of the Republic of Kazakhstan A. Kabikenov met with Ambassador of the United Kingdom of Great Britain and Northern Ireland to the Republic of Kazakhstan M. Gifford.

During the meeting, the sides discussed issues of further development of cooperation in the areas of trade and investment, transit and transport potential, subsoil use and mining.

In his speech, Arystan Kabikenov stressed that Britain is one of the strategic partners and a major investor in Kazakhstan. He also noted the growth in mutual promotion of exports and expressed his intention to further strengthen trade and economic relations, expand mutual cooperation in areas of mutual interest.

To date, 6 joint Kazakh-British projects totaling approximately 700 million USD are being implemented in such areas as industry, geology, mining and metallurgy, agribusiness, as well as energy and renewable energy sources.

Examples of successful implementation of agreements are the two projects for the exploration of copper-porphyry ores – at the Balkhash-Saryshagan area and the Korgantas site in Karaganda region (jointly with Kazgeology JSC and RioTinto).

Ambassador M. Gifford noted the importance of deepening relations through bilateral and multilateral measures, including the One Belt – One Road Initiative involving Kazakh, British and Chinese representatives.

The sides discussed the implementation of joint projects in such areas as mining and metallurgy, new technologies, transport and industry, and expressed mutual interest in carrying out the activities planned for the current year.

At the end of the meeting, the sides expressed their gratitude for the arranged conversation and underlined the importance of further development of relations between Kazakhstan and Great Britain.

For reference: In 2017, the foreign trade turnover between Kazakhstan and Great Britain has exceeded 1 billion USD (1.286 billion USD) having increased 1.9% compared to 2016 (1.262 billion USD).

Kazakhstan’s export for 2017 grew 4.2% and amounted to 926.8 million USD (2016 - 889.4 million USD). As of March 1, 2018, 876 legal entities, branches and representative offices with British participation were registered in Kazakhstan.

www.primeminister.kz

Published: 06 April 2018

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