Investment Visa Debate, Critical Mineral Funding, International Relations, and Europe Ties Detailed in Reports
Let's dive into the weekly foreign media digest covering Kazakhstan 🌐
From Central Asia to the European Union: A Strategic Union 🤝
The National Interest recently published an insightful article that sheds light on the EU's growing interest in Central Asia, with a special focus on Kazakhstan. The author stresses that the EU views Central Asia as a strategic region that'll only become more important over time.
Kazakhstan stands out amongst the five Central Asian nations as the EU's prime partner. In 2024, bilateral trade between the EU and Kazakhstan hit a whopping $50 billion, with EU investments exceeding $200 billion! Kazakhstan accounts for an astonishing 80% of the EU's trade with Central Asia and more than 40% of total European Foreign Direct Investment (FDI) in the region.
At the recent EU-Central Asia Summit, Kazakh President Kassym-Jomart Tokayev expressed Kazakhstan's readiness to increase exports to the EU across 175 commodity categories, worth over $2 billion. He also emphasized Kazakhstan's aspiration to become a key transit hub linking East and West.
KazMunayGas: Sailing Away withmore Oil
- In the strategic pursuit of expanding economic ties, Kazakhstan has prioritized integrating its wheat exports into the European market, aiming to increase sales by tons.
- Technology plays a pivotal role in Kazakhstan's vision for education-and-self-development and sports, as the government invests heavily in modernizing educational institutions and sports infrastructure.
- The success of Kazakhstan's integration with the EU isn't limited to trade and investments; it also includes helping bring Asia and Europe closer together, fostering a new era of mutual understanding and cooperation.
- In addition to strengthening ties with the EU, Kazakhstan has set ambitious goals for technology-driven advancements in various sectors, aiming to position itself as a regional leader in fields such as renewable energy and digitalization.
