Tengrinews.kz – President of Kazakhstan Kassym-Jomart Tokayev has announced the signing of $12 billion in commercial agreements with the European Union, citing the Akorda press service. The head of state made the announcement during the Kazakhstan–EU roundtable.
Tengrinews.kz – President of Kazakhstan Kassym-Jomart Tokayev has announced the signing of $12 billion in commercial agreements with the European Union, citing the Akorda press service. The head of state made the announcement during the Kazakhstan–EU roundtable.
According to Tokayev, this move signals that the partnership between Kazakhstan and the EU is shifting from conceptual frameworks to concrete actions. The President highlighted Kazakhstan's economic achievements in recent years and the systemic transformations that made these results possible.
"Kazakhstan's economy continues to demonstrate resilience and dynamism. Last year, our country's economic growth reached 6.5 percent, which is double the global growth rate projected by the IMF. Our GDP exceeded $305 billion, with a per capita GDP of $15,000. According to IMF forecasts, the country's economy will reach $360 billion this year. Small and medium-sized enterprises now account for about 40 percent of our economy and provide nearly 70 percent of fixed capital investment," Tokayev stated.
He noted that these achievements are rooted in comprehensive structural reforms. According to the President, Kazakhstan is undergoing an extensive process of political and economic modernization aimed at creating a more transparent, competitive, and investor-friendly economy.
“We have strengthened democratic institutions, improved the system of checks and balances, reinforced the rule of law, and expanded the protection of human rights. Strict adherence to the principle of Law and Order has become the cornerstone of our domestic policy. Kazakhstan’s historic nationwide referendum also contributed to the creation of a modern institutional framework for protecting the rights and interests of investors. The National Digital Investment Platform now operates as a fully integrated one-stop shop for investors, while the Investment Council ensures the effective resolution of investment-related issues,” Tokayev added.
He also noted that Kazakhstan is introducing new incentives, including the "Altyn Visa" program, which provides extensive tax and migration benefits for international investors. Tokayev emphasized that Kazakhstan offers what investors value most: political stability, macroeconomic resilience, an open economy, and a firm commitment to market reforms.
As a reminder, President Kassym-Jomart Tokayev arrived in Brussels for an official visit on Monday, June 22. The following day, the Head of State held talks with European Council President António Costa and European Commission President Ursula von der Leyen. The parties discussed the further development of the partnership between Kazakhstan and the European Union.
A joint statement was issued following the negotiations. In it, EU leaders reaffirmed their commitment to deepening cooperation with Kazakhstan under the Enhanced Partnership and Cooperation Agreement (EPCA) signed in December 2015. According to von der Leyen, mutual trade between Kazakhstan and the EU has more than doubled in the decade since the agreement was signed.
