Today: Thursday, 25 April 2024 year

Germany to attend 12th WTO conference in Kazakhstan

Germany to attend 12th WTO conference in Kazakhstan

Germany’s Federal Minister of Economics and Energy has confirmed his readiness to visit Nur-Sultan, a Kazakhstan’s capital, to participate in the 12th WTO Ministerial Conference in June this year.

For Germany, Kazakhstan is an important business partner, about 900 German companies are currently operating in there. During a working visit to Berlin, Kazakh Foreign Minister Mukhtar Tleuberdi met with Germany’s Federal Minister of Economics and Energy. Mr Altmaier confirmed his readiness to visit Nur-Sultan to participate in the 12th WTO Ministerial Conference in June this year.

According to the press service of the Ministry of Foreign Affairs of Kazakhstan, both ministers, Tleuberdi and Altmeier, have discussed the existing economical and energy cooperation as well as expanding them.

Mr Tleuberdy called on German businesses to expand intensify their investments in Kazakhstan, saying there are many preferences and favourable conditions for strengthening the business.

For Kazakhstan, increasing investment attractiveness is a vital aspect so far, so German companies could significantly expand their opportunities for mutually beneficial activities.

Germany is a key partner of Kazakhstan in the European Union, relations with which have a high strategic priority. Kazakhstan accounts for 86% of the total trade between Germany and Central Asia. As of Jan 2020, about 900 German firms currently operate in Kazakhstan.