Меню
Relations in the trade and economic sphere are characterized by consistent development and have the significant potential for further expansion.
Kazakhstan considers Slovakia an important political, trade and economic partner in Central and Eastern Europe and the European Union as a whole. The developed processing industries, electronics, mechanical engineering, the chemical industry, and information technology in Slovakia are of significant interest to Kazakhstan.
Kazakhstan and Slovakia have significant transit and transport potential. Overland routes from Asia to Europe pass through the territory of both Kazakhstan and Slovakia. As a result, participation in projects within the framework of the Belts and Road Initiative is relevant for the two states.
The stimulating prerequisite for the active development of mutually beneficial cooperation is the introduction of a visa-free regime for Slovak citizens on January 1, 2017.
According to Kazakhstan's State Revenue Committee, bilateral trade turnover between Kazakhstan and Slovakia in 2022 amounted to $120.2 million (exports – $1.9 million (+58.7 %), imports – $118.3 million (+43 %), a 43.2 % increase on the 2021 figure ($84 million).
The main items of Kazakhstan's exports: natural gas, fertilizers, machine parts and devices.
The main items of Kazakhstan’s imports: machinery, equipment, construction materials, herbicides, medicines, food, wood pulp, printing products, textiles, furniture, etc.
For the period from 2005 to Q3 2022 the gross inflow of direct investments from Slovakia to Kazakhstan amounted to $21.9 million.
As of March 1, 2023, 29 legal entities, branches and representative offices with Slovak participation were registered in Kazakhstan (Oftum laser vision correction centers, ELTECO backup power supply company, KANTO METAL and CSBC companies in the field of development and sales of chemical reconnaissance machines for the defense industry, CME. Slovakia, supplier of pumps and fittings for power plants Ish Pumps Olomouc, company in the field of complex supply of meat processing industry PROGAST), including 28 small and 1 medium sized.
An important mechanism of bilateral interaction is the Intergovernmental Commission on Economic, Scientific and Technical Cooperation. So far, 9 meetings of the Intergovernmental Commission have been held. The last 9th meeting was held on March 10-11, 2022, in Bratislava together with business forum with participation of business representatives of both countries.