Strengthening Bilateral Ties: France and Kazakhstan Forge Robust Economic Partnership
Key Ideas
  • France and Kazakhstan have seen a significant increase in trade turnover by 31% in 2024, reaching a record high of 5.5 billion US dollars, showcasing the strong economic ties between the two countries.
  • Notable joint projects include the construction of a 1 GW wind power plant by Total Energies, Alstom investments in the railway sector, and the Air Liquide hydrogen economy project at the Pavlodar petrochemical plant, demonstrating a commitment to sustainable development.
  • France, being among the Top 10 largest trading partners of Kazakhstan, has invested nearly 20 billion US dollars in the country, with over 200 companies with French capital operating in various sectors, contributing significantly to Kazakhstan's economic growth.
  • The signing of commercial agreements between France and Kazakhstan signifies a continued commitment to fostering cooperation in various economic sectors, further solidifying their comprehensive partnership and mutual benefits.
France and Kazakhstan have placed a strong emphasis on enhancing their bilateral ties, with a focus on economic cooperation. The partnership between the two nations is characterized by robust political relations, active dialogue at both intergovernmental and parliamentary levels, and flourishing trade and investment collaboration. In a recent forum that brought together 300 delegates from state bodies, akimats, and business communities of both countries, it was highlighted that the turnover between France and Kazakhstan surged by 31% in 2024, surpassing 5.5 billion US dollars. France's investments in Kazakhstan have reached nearly 20 billion US dollars, with a notable presence of over 200 French companies in various sectors. Key joint projects such as the wind power plant by Total Energies, Alstom's investments in railways, and the Air Liquide hydrogen project at the Pavlodar petrochemical plant underscore a shared commitment to sustainable development. Alongside economic initiatives, the countries aim to collaborate on projects in AI, pharmaceuticals, tourism, and water resources management. The signing of commercial agreements signals the intent to further deepen cooperation across diverse economic sectors and reinforces the significant role of French businesses in Kazakhstan's economic landscape.
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