Меню
Frequent visits and meaningful negotiations between Kazakhstan and the Emirates at various levels provide the basis for promoting mutually beneficial bilateral cooperation in trade, economic, investment, energy and other areas. Direct negotiations between the largest national and holding companies of the two countries also have the potential to lead to significant results.
Cooperation in the trade and economic sphere is steadily developing from year to year. The Emirates ranks first among the Arab countries in terms of trade turnover with our country. For example, in 2021, trade turnover amounted to a record 7 709 million. US dollars. in 2022, it amounted to 632.6 million dollars.
If we look at the trade turnover over the past ten years, in 2012-2015 it amounted to 100-150 million dollars. Around us долл 374 million in 2016. Export-Import Operations, which were 500-600 million in 2017-2020. and in the post-pandemic 2021, 700 million.- we see that the bread is over.
At the same time, it should be noted that the share of Kazakhstan's exports in the bilateral trade turnover is dominant. In 2022, the volume of domestic exports to the Emirates exceeded дол 560 million.
The main goods that Kazakhstan exports to the Emirates are copper cathodes, oil and oil products, sheep and goat meat, tobacco and its substitutes, barley, fittings for pipelines.
There is a significant interest of business circles in the further development of bilateral trade and the potential for increasing the Export-Import chain of goods.
In 2016, 2018 and 2019, 2021, 2023, Kazakh trade missions visited Abu Dhabi and Dubai. In March 2023, a trade mission of the emirate of Dubai in Kazakhstan was organized.
The regular 9th meeting of the Kazakh-Emirate Intergovernmental Commission on trade and economic cooperation was held on November 3, 2022 in Abu Dhabi.
In the investment direction, thanks to the agreement signed between Kazakhstan and the Emirates on the promotion and mutual protection of investments, investors were provided with long-term stability. So far, the volume of direct investment attracted from the Emirates in the country's economy has amounted to 3.6 billion US dollars. Exceeded US dollars.
The Astana International Financial Center (AIFC) continues its contacts with international financial centers in Abu Dhabi and Dubai, and financial institutions in the Emirates are interested in the activities of the AIFC.
The Astana International Financial Center was created on the basis of the positive experience of the Emirates international financial centers.
Two memoranda have been signed between Astana and Dubai International Financial Centers aimed at cooperation in the field of financial services development, regulatory practices and financial technologies.