Kazakhstan to step up export of goods to Hungary by $700mln
Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu arrived in Hungary with an official visit to attend the 6th meeting of the Kazakh-Hungarian Strategic Council. The Hungarian side is co-chaired by Finance Minister Mihály Varga, Kazinform News Agency reports via the Kazakh MFA.
The sides discussed the topical issues of bilateral relations in political, trade, economic, investment, cultural and humanitarian spheres. The spheres of energy, industry, transport and logistics, water management and innovation, agriculture, education and tourism became the “points of contact” of national interests.
The sides noted that the Kazakh-Hungarian cooperation in trade and economic sphere had been the main engine of the strategic partnership between the two countries. In this regard, the parties agreed on the need to effectively use the potential of the Intergovernmental Commission on Economic Cooperation and enhance interaction between the business communities of Kazakhstan and Hungary.
Murat Nurtleu stressed the importance of expanding the scope of cooperation between Astana and Budapest.
Our countries have no unresolved issues thanks to exceptionally close and trust-based contacts at the political level, fruitful cooperation between business communities, as well as cultural and interpersonal ties, Murat Nurtleu said.
In turn, the head of the Hungarian delegation said that Hungary is a reliable partner of Kazakhstan in the European Union.
We support the political and economic reforms in your country and are ready to further actively develop our successful partnership, Mihály Varga said.
The sides also discussed the implementation of the agreements reached during the visit of Hungarian Prime Minister Viktor Orbán to Kazakhstan. In particular, the parties reached agreements to join efforts in the implementation of major joint projects, diversification and increase of mutual trade. Kazakhstan confirmed its intention to broaden the range of export goods by 95 items to the amount of about 700 million US dollars.
According to the statistics of Kazakhstan, trade turnover between the two countries in 2022 amounted to 172 million US dollars, and in 9 months of this year it increased by 22% compared to the same period last year and amounted to 140 million dollars.
The officials of the relevant ministries of Kazakhstan spoke for further cooperation in training the professionals in peaceful use of nuclear energy, exchange of experience in water resources management, as well as the organization of mutual visits of trade missions.
The Kazakh-Hungarian Forum on Water Resources Management was also held within the framework of the Strategic Council. The experts agreed to hold joint events of relevant ministries to solve urgent water-related issues.
Minister Nurtleu also held bilateral meetings with Gábor Sági, head of the Hungarian company Globalia, and Peter Nagy, President of the Equilibrium Capital investment fund registered on the platform of the Astana International Financial Center (AIFC).
The heads of the companies discussed the implementation of investment projects in the field of renewable energy sources in Kazakhstan, the establishment of trade and investment institutions on the AIFC ground with the participation of Hungarian capital, IT and banking consulting, and further plans to expand the economic cooperation.
