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Kazakhstan–European Union relations

 

Kazakhstan–European Union relations

European Union–Kazakhstan relations
Map indicating locations of European Union and Kazakhstan

European Union

Kazakhstan

European Union–Kazakhstan relations are the international relations between the Republic of Kazakhstan and the common foreign policy and trade relations of the European Union.

Trade

Since 2002, the EU has grown to become Kazakhstan's largest trading partner, being the destination of 40% of its exports. Those exports were primarily, 80%, oil and gas in 2007. In 2007 EU imports of goods from Kazakhstan amounted to €13.35 billion and services amounted to €1.52 billion. EU exports to Kazakhstan were €6.04 billion in goods and €1.92 billion in services. Half of Kazakhstan's $7.3 billion of World Trade Organization.

The EU is Kazakhstan's biggest trade partner.[1] In 2014 more than half of Kazakhstan’s total trade is with the EU—some $53.4 billion in 2013 and $28.4 billion in the first half of 2014.[1] More than half of Kazakhstan's gross foreign direct investment, or nearly $100 billion, has come from EU countries.[1]

Cooperation

The Partnership and Cooperation Agreement (PCA) with Kazakhstan has been the legal framework for EU–Kazakhstan bilateral relations since it entered into force in 1999. In November 2006 a Memorandum of Understanding on cooperation in the field of energy between the EU and Kazakhstan has been signed establishing the basis for enhanced cooperation.

The future European Commission assistance will focus on the following priority areas: promotion of the ongoing reform process at political, economic, judiciary and social level, infrastructure building, and cooperation in the energy sector.

The overall EU co-operation objectives, policy responses and priority fields for Central Asia can be found in the EC Regional Strategy Paper for Central Asia 2007–2013. In addition to the assistance under the Development Cooperation Instrument (DCI), Kazakhstan participates in several ongoing regional programs.[2]

References

  1. ^ a b c Nazarbayev, Nursultan. "The Next Chapter in Kazakhstan-EU Relations. Bolstering development and trade through a new partnership agreement.". Wall Street Journal. 
  2. ^ European Union and Kazakhstan. European Commission: External Relations
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