New Opportunities for Kazakh-Romanian Cooperation were Outlined in Astana, DKnews.kz reports.
Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Roman Vassilenko received Florin Spătaru, the State Counselor to the Office of the Prime Minister of Romania, who arrived in Astana to participate in the conference “Port of Constanta – European Hub of the Middle Corridor.”
During the discussion, both sides highly appreciated the level of political dialogue and trade-economic cooperation achieved in recent years. They emphasized that strong political relations between Astana and Bucharest have crated favorable conditions for realizing potential in various areas, including energy, transport, infrastructure, and investments.
“Romania is an important trade and investment partner for Kazakhstan in the European Union. Despite geopolitical instability, the volume of mutual trade between our countries remains significant. The company “Rompetrol”, which is the main brand of “KazMunayGas International” and one of the largest Kazakh investments in Europe, is successfully operating in Romania” Vassilenko
The parties also discussed the prospects for further development of transport and logistics connections, highlighting the huge potential for cooperation between the seaports of Aktau and Constanta.
They highlighted the importance of actively and strategically implementing projects under the EU’s “Global Gateway” strategy, including the integration of transport initiatives along the Trans-Caspian International Transport Route (TCITR), which would be a significant step towards enhancing economic ties and increasing freight volumes.
In this context, the launch of the TCITR Coordination Platform earlier this year takes on special importance, as it facilitates the promotion of the corridor and coordinates efforts to implement priority projects among key stakeholders along the route.
In conclusion, the parties agreed to continue active dialogue aimed at implementing joint projects and strengthening mutually beneficial relations between Kazakhstan and Romania.
The trade turnover between Kazakhstan and Romania in 2023 amounted to 2.9 billion US dollars (exports – 2.8 billion, imports – 112 million). In January-August 2024, mutual trade amounted to 1.5 billion US dollars.
