During the meeting, the sides discussed the further development of cooperation in the areas of trade and investment, transit and transport potential, subsoil use and mining.
In his speech, Arystan Kabikenov emphasized that Britain is one of the strategic partners and a major investor in Kazakhstan. He also noted the positive dynamics in the mutual promotion of exports and expressed his intention to strengthen trade and economic relations further, expand the spheres of cooperation in the areas that are of mutual interest.
To date, 6 joint Kazakh-British projects totaling approximately $700 million are being implemented in such areas as industry, geology, mining and metallurgy, agribusiness, as well as energy and renewable energy sources.
An example of the successful implementation of the agreements is two projects for the exploration of porphyry copper deposits at the Balkhash-Saryagash region and the Korgantas site in the Karaganda region (jointly with Kazgeology JSC and RioTinto).
Ambassador M. Gifford noted the importance of deepening relations through bilateral and multilateral events, including the One Belt — One Road initiative involving Kazakh, British and Chinese representatives.
The parties 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 conversation held 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 ($1.286 billion) having increased by 1.9% compared to 2016 ($1.262 billion).
Kazakhstan’s Export for 2017 grew by 4.2% and amounted to $926.8 million (2016 — $889.4 million). As of March 1, 2018, 876 legal entities, branches and representative offices with British participation were registered in Kazakhstan, of which 513 are active.
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