Prime Minister Askar Mamin discussed main aspects of economic cooperation with Prime Minister of the Netherlands Mark Rutte

Glasgow, November 2, 2021. Prime Minister of Kazakhstan Askar Mamin held a meeting with Prime Minister of the Netherlands Mark Rutte on the sidelines of the 26th session of the Conference of the Parties (COP 26) to the UN Framework Convention on Climate Change in Glasgow.

The heads of the Governments discussed prospects for the further development of bilateral cooperation in trade and economic, investment, agricultural, transport and logistics, traditional and alternative energy sectors. The aspects of cooperation within the framework of the World Trade Organization and other multilateral structures were also considered.

Prime Minister Askar Mamin emphasized the high dynamics of trade and investment flows between Kazakhstan and the Netherlands. For 8 months of this year trade turnover between the countries increased by 42.8% and amounted to $3.2 billion.

The Netherlands is the largest investor in Kazakhstan. In the first half of 2021, the volume of direct investments of the Netherlands in the economy of Kazakhstan increased by 24.5% to $3.3 billion. Since 2005, the volume of Dutch FDI in Kazakhstan has exceeded $100 billion.

More than 900 enterprises with the participation of Dutch capital operate in Kazakhstan, which are widely represented in the energy, machine-building, construction, transport and logistics, and agro-industrial sectors of the economy.