BAKU, Azerbaijan, June 13. Kazakhstan and
Sweden have discussed prospects for expanding trade, industrial
cooperation, and launching new investment projects.
This was announced in a report published by the Kazakh Ministry
of Trade and Integration following a meeting between Minister Arman
Shakkaliyev and the State Secretary for Foreign Trade at the
Swedish Ministry for Foreign Affairs, Diana Janse.
“During the talks, the sides exchanged views on key issues of
trade and economic cooperation, including the potential to increase
bilateral trade turnover, attract investments, and strengthen
business-to-business engagement between the two countries”, the
ministry says.
According to the ministry, in the course of the meeting,
particular attention was given to trade facilitation measures,
including improving market access for goods in Kazakhstan and
Sweden, removing technical barriers to trade, enhancing logistics
and customs procedures, and creating more favorable conditions for
export-import operations.
The information indicates that at the meeting, the Kazakh side
reaffirmed its interest in expanding exports of non-resource goods
to Sweden and the broader European Union market. In this regard,
the parties discussed opportunities to deepen cooperation between
QazTrade, the Swedish National Board of Trade, and Business Sweden
to support exporters and develop direct business contacts.
Furthermore, the ministry announced that industrial cooperation
was also a key focus of the meeting. The sides welcomed the signing
of a memorandum of cooperation between Hyundai Trans Almaty and
Volvo Group. The implementation of this project is expected to
contribute to the development of Kazakhstan’s automotive industry,
the creation of new production facilities, increased investment
inflows, and stronger export potential.
The discussions also touched upon prospects for expanding the
presence of Swedish businesses in Kazakhstan, including potential
cooperation with IKEA.
In the course of the meeting, the sides highlighted the
importance of establishing a Kazakhstan–Sweden Commission on Trade,
Economic, and Investment Cooperation, which would serve as an
effective platform for advancing joint projects and addressing
business-related issues.
Following the meeting, the parties reaffirmed their mutual
interest in strengthening economic partnership, expanding
investment cooperation, and implementing new joint initiatives.
