Kazakhstan–European Union relations

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European Union–Kazakhstan relations
Map indicating locations of European Union and Kazakhstan

European Union

Kazakhstan

European Union–Kazakhstan relations are the international relations between the Republic of Kazakhstan and the common foreign policy and trade relations of the European Union.

Trade[edit]

Since 2002, the EU has grown to become Kazakhstan's largest trading partner, being the destination of 40% of its exports. Those exports were primarily, 80%, oil and gas in 2007. In 2007 EU imports of goods from Kazakhstan amounted to €13.35 billion and services amounted to €1.52 billion. EU exports to Kazakhstan were €6.04 billion in goods and €1.92 billion in services. Half of Kazakhstan's $7.3 billion of foreign direct investment in 2006 came from the EU. As a major energy supplier to the EU, the EU supports its accession to the World Trade Organization.

Cooperation[edit]

The Partnership and Cooperation Agreement (PCA) with Kazakhstan has been the legal framework for EU–Kazakhstan bilateral relations since it entered into force in 1999. In November 2006 a Memorandum of Understanding on cooperation in the field of energy between the EU and Kazakhstan has been signed establishing the basis for enhanced cooperation.

The future European Commission assistance will focus on the following priority areas: promotion of the ongoing reform process at political, economic, judiciary and social level, infrastructure building, and cooperation in the energy sector.

The overall EU co-operation objectives, policy responses and priority fields for Central Asia can be found in the EC Regional Strategy Paper for Central Asia 2007–2013. In addition to the assistance under the Development Cooperation Instrument (DCI), Kazakhstan participates in several ongoing regional programs.[1]

References[edit]

  1. ^ European Union and Kazakhstan. European Commission: External Relations