German Minister, partnership with Astana

Kazakh-German trade reached $4.9 billion in 2017
German Minister, partnership with Astana
25 September 10:13 2018 Print This Article

Minister of Foreign Affairs Kairat Abdrakhmanov and German Minister of State of the Federal Foreign Office Niels Annen discussed bilateral cooperation during their  meeting in Astana.

According to the Kazakh foreign ministry, the officials discussed the Kazakh – German strategic partnership in trade, economics and politics with a particular focus on the high-tech industry and education.

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

The German side noted Kazakhstan is a priority for Germany’s foreign policy and economic agenda in Central Asia and thanked Kazakhstan for supporting Germany’s candidacy for a non-permanent seat on the UN Security Council for 2019-2020.

In 2017, the gross inflow of German direct investment in Kazakhstan’s economy was more than $345 million. From January 2005 to January 2018, the gross inflow of direct investment from Germany to Kazakhstan exceeded $4.2 billion.

It was emphasised that more than 90 percent of German investment in Kazakhstan’s economy is outside the energy sector, particularly, in the manufacturing and chemicals, building material production, transport and agribusiness. The sides noted the importance of cooperating in these areas, especially given the achievements of Germany in implementing Industry 4.0 technologies.

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