Kazakhstan and European Union Strengthen Economic Cooperation and Green Agenda
Kazakhstan and the European Union reaffirmed their commitment to deepening economic cooperation during the Kazakhstan–EU Cooperation Committee meeting held on June 10, according to the Ministry of Trade and Integration.
The European Union remains Kazakhstan’s largest trade and investment partner. In 2024, bilateral trade turnover amounted to $48.8 billion, with Kazakh exports totaling $38.1 billion. Since 2005, EU investments in Kazakhstan have exceeded $200 billion. Currently, over 3,000 companies with European capital are operating in the country, including major firms such as Shell, Total, and Airbus.
The parties discussed the implementation of the Enhanced Partnership and Cooperation Agreement (EPCA), with a particular focus on strengthening technical regulation, promoting non-resource exports, and expanding digital trade. Notably, Kazakhstan’s e-commerce market has surpassed 3.2 trillion tenge (approximately $6.3 billion).
The meeting also addressed collaboration in areas such as standardization, accreditation, ESG (environmental, social, and governance) practices, and the transition to a green economy. Both sides expressed readiness to support joint efforts in implementing the EU Green Deal and fostering sustainable economic development.
Photo credit: Trade and Integration Ministry
