Zhibek Serik | 22.03.2024
Kazakhstan's Economic Relations With Other Countries
Have you ever been interested in Kazakhstan’s economic relations with other countries?
Kazakhstan has a relationship with many countries such as China, Russia, US, South Korea, Turkey and many more.Let’s look through how and why Kazakhstan has specific relationships with such countries worldwide.
What about infrastructure projects?
Kazakhstan and China collaborate on infrastructure development projects, particularly under the Belt and Road Initiative.This initiative includes investments in transportation networks and energy infrastructure, aiming to enhance connectivity and to promote regional trade.
The most interesting country from our list is South Korea! But why?
Turkey is among the top investors in Kazakhstan, with Turkish companies active in sectors such as construction, finance and manufacturing. These investments contribute to Kazakhstan's economic development and infrastructure projects, creating employment opportunities and fostering business ties between the two countries.Turkey is a large textiles,construction materials exporting country. Kazakhstan exports commodities like oil, metals, and grains to Turkey, while Turkey exports finished goods and consumer products to Kazakhstan.
For Kazakhstan, Turkey is one of the most important and reliable partners on the Eurasian continent…
All of these economic relations of Kazakhstan with other countries are based on the common history and spiritual heritage, continue to develop and reach the level of strategic partnership.
Kazakhstan has a relationship with many countries such as China, Russia, US, South Korea, Turkey and many more.Let’s look through how and why Kazakhstan has specific relationships with such countries worldwide.
- China:
What about infrastructure projects?
Kazakhstan and China collaborate on infrastructure development projects, particularly under the Belt and Road Initiative.This initiative includes investments in transportation networks and energy infrastructure, aiming to enhance connectivity and to promote regional trade.
The most interesting country from our list is South Korea! But why?
- South Korea and Kazakhstan have formed a strategic alliance, South Korea brings advanced technology and investment, while Kazakhstan offers abundant resources and strategic location. This partnership is evident in energy projects, infrastructure development and emerging sectors like technology and even healthcare. Cultural exchanges foster trust and understanding. Together, they are pioneers in Eurasian economic integration, charting a path towards shared prosperity.
- Turkey was the first country to recognize the independence of Kazakhstan on Dec. 16, 1991, with the first foreign embassy of Kazakhstan opening in Ankara in October 1992. Since gaining independence, the First President of Kazakhstan has paid Turkey 24 state and working visits, while Turkish Presidents came to Kazakhstan 15 times, but the ties between Kazakhstan and Turkey go well beyond these numbers.
Turkey is among the top investors in Kazakhstan, with Turkish companies active in sectors such as construction, finance and manufacturing. These investments contribute to Kazakhstan's economic development and infrastructure projects, creating employment opportunities and fostering business ties between the two countries.Turkey is a large textiles,construction materials exporting country. Kazakhstan exports commodities like oil, metals, and grains to Turkey, while Turkey exports finished goods and consumer products to Kazakhstan.
For Kazakhstan, Turkey is one of the most important and reliable partners on the Eurasian continent…
All of these economic relations of Kazakhstan with other countries are based on the common history and spiritual heritage, continue to develop and reach the level of strategic partnership.
