Kazakhstan and Greece discuss prospects for trade and economic cooperation

Alibek Kuantyrov, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, met with Antonia Katzourou, the Ambassador Extraordinary and Plenipotentiary of the Hellenic Republic to the Republic of Kazakhstan, Qazinform News Agency cites the Kazakh Foreign Ministry. 

Kazakhstan and Greece discuss prospects for trade and economic cooperation
Photo credit: Kazakh Foreign Ministry

During the meeting, the parties discussed the current state and prospects of Kazakh-Greek cooperation, focusing on expanding trade, economic, and investment ties.

Antonia Katzourou noted that one of the key results of the Deputy Minister's visit to Greece in April of this year was the importance attached to convening the next meeting of the Kazakh-Greek Intergovernmental Commission on Economic and Technological Cooperation.

In turn, Kuantyrov expressed confidence in the success of the next meeting of the Kazakh-Greek Intergovernmental Commission on Economic and Technological Cooperation, scheduled for the second half of this year in Athens.

The Deputy Minister emphasized Kazakhstan's interest in further developing its partnership with Greece and attracting Greek investment in priority economic sectors such as renewable energy, transport and logistics, metallurgy, agro-industry, waste recycling, pharmaceuticals, tourism, and digital technologies. In this regard, the importance of intensifying contacts between the business communities of the two countries and implementing joint projects was noted.

Kuantyrov noted the positive results of the talks with representatives of the Greek Ministry of Foreign Affairs, Greek institutions, financial organizations, and leading Greek companies.

The discussions demonstrated mutual interest in expanding cooperation across a number of priority areas and created a solid basis for advancing practical initiatives between our countries, he added.

It is worth noting that trade turnover between the countries over the past year amounted to $2.4 billion. Trade and economic relations are based on Kazakhstan's exports of crude oil, polypropylene, ferroalloys, and lentils, while Greece's exports include pharmaceuticals, soil sorting and crushing equipment, amino-aldehyde, phenol-aldehyde resins, and polyurethanes, milk processing equipment, and other products.

Katzourou confirmed Greece's interest in strengthening economic cooperation with Kazakhstan and expanding cooperation in areas of mutual interest.

Following the meeting, the parties agreed to continue working together to advance the bilateral economic agenda and maintain regular dialogue on investment cooperation.

Earlier, Qazinform reported Kazakhstan, Saudi Arabia's Hail province forge stronger agro-industrial, investment partnership. 

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