Kazakhstan and Sweden Discuss Strengthening Trade and Economic Cooperation, DKnews.kz reports.
Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Roman Vassilenko met with Director General for Trade Policy of the Ministry of Foreign Affairs of the Kingdom of Sweden Camilla Melander, who arrived to Astana ahead of a major business delegation.
The parties discussed the state and prospects of Kazakh-Swedish cooperation, focusing on broadening economic ties, as well as engagement on trade and investments.
The Kazakh Deputy Minister informed the Swedish delegation about institutional reforms that have been implemented in Kazakhstan over the recent years and efforts to build a more diversified and future oriented economy.
In view of this, Deputy Minister Vassilenko expressed the interest in enhancing cooperation with the leading Swedish companies in manufacturing industry, “green” technologies, sustainable development, digitalization and innovations, urging to double the efforts to increase the volume of mutual trade between Kazakhstan and Sweden.
Director General Melander pointed out to the great potential to boost bilateral economic partnership and expressed the readiness of the Swedish side to facilitate business ties and exchange of experience in sustainable trade policies, digital transformation, transport and logistics sectors, geological research and production of rare earth metals.
Both sides confirmed their intention to continue discussing the improvement of framework conditions for doing business in Kazakhstan and Sweden.
The meeting, held in an atmosphere of openness and mutual understanding, became another step in strengthening Kazakh-Swedish trade, economic and investment cooperation.
In 2024, the trade between Kazakhstan and Sweden reached 327.4 million US dollars (exports – 27.7 million, imports – 299.7 million). The gross inflow of investment from Sweden to Kazakhstan in 2024 stood at 47.8 million dollars and overall since 2005 has amounted to over 675 million dollars. There are more than 60 enterprises with the participation of Swedish capital registered in Kazakhstan, including such companies as Ericsson, Scania, Volvo and others.
