Kazakhstan-Malaysia Investment Roundtable: agreements on joint projects signed
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The Head of the Government of Kazakhstan Olzhas Bektenov and Prime Minister of Malaysia Anwar Ibrahim held in Astana Kazakhstan-Malaysian investment round table with the participation of representatives of business communities and academia of the two countries, primeminister.kz reports.
They exchanged views on the prospects for increasing cooperation in priority sectors of the economy.
In his welcoming speech, the Head of the Government of Kazakhstan noted that Malaysia is one of the key trade and economic partners in Southeast Asia. Over the year, bilateral trade turnover increased from $150 million to almost $245 million. The goal is to unlock the existing potential of the economies and exceed the pre-pandemic figure of mutual trade of $650 million.
Our countries maintain a close political dialogue, which serves as a solid foundation for the partnership. Your meeting yesterday with our President Kassym-Jomart Tokayev marks an important historical milestone in the development of bilateral relations. The Government of Kazakhstan expresses its readiness to implement all the agreements reached at the highest level," Olzhas Bektenov stressed.
Olzhas Bektenov announced Kazakhstan's intention to diversify exports to Malaysia and called on Malaysian businessmen to jointly explore new opportunities to strengthen partnerships in services, manufacturing, finance, education, subsoil use, agriculture and construction. As of today, 48 companies with Malaysian capital operate in Kazakhstan. 17 joint investment projects totalling over $410 million are being implemented.
In turn, Prime Minister of Malaysia Anwar Ibrahim noted the positive dynamics of interstate cooperation. In recent years, the growth of trade turnover between the countries exceeds 30%. Malaysia intends to strengthen cooperation with Kazakhstan in the tourism, education, energy sectors, as well as in the supply of Kazakhstani halal products. The need to increase the number of joint projects in areas with strong potential was noted.
Participants of the round table were told about the implementation of systemic measures in Kazakhstan to increase the investment attractiveness of the country. Investors are provided with tax and customs privileges, consulting and infrastructure support.
Within the framework of the round table, representatives of Kazakh and Malaysian businesses held substantive negotiations. Senator of Parliament, President of the National Chamber of Commerce and Industry of Malaysia (NCCIM) Low Kian Chuan noted that Kazakhstan is an important strategic partner of Malaysia and the largest in the Central Asian region.
The discussions resulted in an agreement to deepen investment ties and jointly explore new markets. Agreements and memoranda totalling more than $350m were signed on the margins of the roundtable. Cooperation is planned in attracting investment in Islamic finance and trade development, as well as in food processing, mining, gold processing and joint production of transformer and automotive oil.
The implementation of the agreements will be an important step towards the expansion of fruitful cooperation between the two countries.
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Head of State Tokayev, CSTO SecGen discuss key tasks of Kazakhstan's presidency
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President of Kazakhstan Kassym-Jomart Tokayev held a meeting with Secretary General of the Collective Security Treaty Organization Imangali Tasmagambetov to discuss the implementation of the key tasks during Kazakhstan’s presidency of the Organization, Kazinform News Agency cites Akorda.
The Head of State pointed out that the CSTO needs to focus on its statutory activities, that are the most relevant and sought after for all the member states. Special attention, according to him, should be attached to combating such challenges and threats such as terrorism, illegal drug and weapon trafficking, crimes in the field of information.
The Kazakh President stressed the importance of establishing constructive cooperation with other international structures for greater regional security.
For his part, Tasmagambetov briefed President Tokayev on the realization of the Action Plan to implement the decisions taken during the November session of the CSTO Collective Security Council adopted at the initiative of Kazakhstan.
Preparations for the next session of the Collective Security Council and upcoming exercises set to take place in Kazakhstan were discussed as well.
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Belarus to become SCO's full member at Astana summit in July
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Belarus will become a full member of the SCO at the organization's Astana summit in July, Secretary-General of the Shanghai Cooperation Organization Zhang Ming said at the Shanghai Cooperation Organization Forum "SCO's role in new conditions: joining efforts for universal security, stability and prosperity" in Tashkent, BELTA reports.
Zhang Ming noted that the SCO family is growing bigger and bigger.
At the upcoming SCO summit in Astana next month, a decision will be made on Belarus’ accession to the organization, and thus the number of member states will reach a historic double-digit figure," he stated.
The SCO secretary-general also drew attention to the fact that "over more than 20 years, the organization has transformed from a regional platform for meetings of heads of state into a huge, comprehensive international organization."
Speaking about promising areas of cooperation within the organization, Zhang Ming pointed out that the SCO deals with not only "highest-level" tasks, such as politics, diplomacy, peace, development, security, but also with matters that have to do with people's everyday life, such as tourism, sports, waste management.
The above-mentioned achievements eloquently show that the Shanghai spirit is consistent with common interests, the organization’s original purpose of maintaining security and stability, ensuring sustainable development. Cooperation within the SCO will only grow stronger," he said.
The 19th meeting of the Shanghai Cooperation Organization Forum is taking place in Tashkent on 5 June. The event is organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan. More than 40 experts from 10 countries take part in it, including many national think tanks from the SCO member states, specialists from observer states and dialogue partners, as well as the leadership of the SCO Secretariat and the Executive Committee of the SCO Regional Anti-Terrorist Structure. Zhang Ming said that today's forum would discuss topics that will have a great impact on the development of the SCO in the new era.
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Olzhas Bektenov at Eurasian Intergovernmental Council meeting: Decisions we make should influence life improvement for our citizens
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Prime Minister of Kazakhstan Olzhas Bektenov discussed with the Heads of Government of the Member States of the Eurasian Intergovernmental Council the topical issues of regional cooperation at the Government session of the Eurasian Intergovernmental Council in Nesvizh (Belarus), primeminister.kz reports.
The meeting was attended by the heads of Government of the member states of the Union: Belarus, Kyrgyzstan, Russia, Armenia, as well as the observer state Uzbekistan and the invited state Azerbaijan. They exchanged views on topical issues, including the development of transport infrastructure, industrial cooperation, agribusiness, customs and technical regulation, competition, and digitalisation.
The meeting of the Eurasian Intergovernmental Council takes place during the celebration of the 10th anniversary of the signing of the Treaty on the Union. Olzhas Bektenov noted that, entering the second decade of the Union, it is necessary to build clear goals for further development and establish appropriate mechanisms for their implementation.
The Head of Government of Kazakhstan focused the attention of the participants of the session on a number of priority areas of work.
The need for a wide application of artificial intelligence technologies was emphasised. The exchange of experience in the use of AI can become a driving force for economic progress and innovation. Today in the world global transformation is already taking place in medicine, education, creative industries. Kazakhstan has positive dynamics in the digitalisation of public and financial services. For example, at the end of last year the share of non-cash payments was 88%.
An important area of work Olzhas Bektenov identified the improvement of transport efficiency. The positive results of Kazakhstan pilot project on automation of railway transit through reduction of time of processing of railway trains, automatic registration and issue of transit declarations for cargoes moved along the routes "China - Central Asia", "China - Europe" were noted. Kazakhstan is ready to share its experience and act as a reliable logistics hub on Eurasian transport corridors. The introduction of new opportunities will increase transport and economic connectivity, reduce business costs and ensure increased mobility of the population of the countries.
The issue also stressed the importance of modernising border crossing points.
One of the important mechanisms of logistics is the development of physical infrastructure. It is necessary to accelerate the solution of problems arising when crossing the internal borders of the EIM partner countries. Kazakhstan on its part has started to eliminate bottlenecks by reconstructing railways along the routes "Orsk - Kandyagash", "Makat - Sagyz", "Shalkar - Beineu". Construction of 4 junctions on the section "Makat - Shubarkudyk" has been started, existing tracks on the section "Mangystau - Beineu" and three junctions on the section "Mangyshlak - Uzen" are being extended," Olzhas Bektenov emphasised.
Government procurement of EAEU countries is also a topical issue. The Prime Minister of Kazakhstan voiced proposals to adjust approaches to the application of national treatment and the establishment of price thresholds below which national treatment in public procurement will not be granted.
President of Kazakhstan Kassym-Jomart Tokayev at the last meeting of heads of state noted that we need to make effective decisions not to miss the available opportunities. Today the Commission together with the countries is developing an Action Plan for the implementation of the provisions of the Declaration "Eurasian Economic Way". In the course of its completion, we must not go beyond the Declaration. The EAEU is a market without customs borders with a population of more than 185 million people. The decisions we take must first and foremost affect the improvement of the lives of our citizens. I am confident that further joint work will allow us to strengthen economic integration and create favourable conditions for sustainable and stable development of our countries," Olzhas Bektenov stressed.
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Olzhas Bektenov in Minsk discusses provision of population with high-quality and safe food products with Heads of Governments of EAEU countries
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Prime Minister of the Republic of Kazakhstan Olzhas Bektenov arrived in Minsk to participate in a meeting of the Eurasian Intergovernmental Council, primeminister.kz reports.
Upon arrival, met with Prime Minister of the Republic of Belarus Roman Golovchenko on the implementation of agreements reached at the level of heads of state. The sides discussed the strengthening of cooperation in trade and economic, industrial, agro-industrial sectors, digitalisation, as well as cultural and humanitarian interaction. Bilateral trade turnover last year totalled $912 million. Measures to diversify trade flows and expand the range of goods supplied were considered. Kazakhstan is ready to increase exports of 105 commodity items worth about $265 million.
An important area of bilateral cooperation are joint projects in the field of agricultural machinery. To date, 11 projects have been implemented for the assembly of tractors, combines and other equipment totalling more than $200 million with the creation of 1.6 thousand jobs. The parties confirmed their intention to continue multifaceted work to ensure dynamic development of the Kazakhstan-Belarus partnership.
Olzhas Bektenov visited the Belagro-2024 International Exhibition and spoke at the Food Security of the Eurasian Economic Union plenary session. The session was also attended by the heads of government of Russia, Kyrgyzstan, Uzbekistan, Belarus, Azerbaijan, Deputy Prime Minister of Armenia, as well as the Chairman of the Board of the Eurasian Economic Commission.
As noted by the Prime Minister of Kazakhstan, providing the population with quality and safe food remains a paramount task. Kazakhstan, being the main producer of grain and flour in Central Asia, uses its agricultural potential to ensure global food stability. Kazakhstan is one of the world's top 25 food exporters. Domestic agricultural products are supplied to 80 countries, including Central Asian and EAEU countries. Its exports have doubled over the past 5 years, reaching $5.4bn.
One of the strategic priorities of our country's development is the agro-industrial complex. Head of State Kassym-Jomart Tokayev has set a goal before the Government of Kazakhstan to bring the agricultural sector to the level of deep processing, fully covering domestic demand and continuing to increase exports. Our country aims to double agricultural exports by 2026. At the same time, the structure of our exports is actively changing and deep-processed products are being favoured. We are interested in opening joint processing facilities with localisation in Kazakhstan," Olzhas Bektenov said.
Prime Minister of Kazakhstan emphasised the potential of the EAEU member countries to meet the food needs of about 600 million people. For this purpose it is necessary to synchronise approaches to food supplies at national levels and taking into account the needs and interests of all member states of the Union.
Establishing close cooperative ties to produce competitive, environmentally friendly and export-oriented products that meet advanced international standards should be one of our priority tasks. The prospects are expanded by the development of new directions of logistics through Central Asia and increasing the capacity of existing routes to China," Head of the Government stressed.
Olzhas Bektenov voiced the measures necessary to address the problem of loss of agricultural products due to logistics and storage, as well as to strengthen the sustainability of agro-food systems, taking into account expert estimates of global warming and seasonal risks such as flooding and drought. In addition, the issue of development of modern agrarian science and active introduction of innovations in agro-industrial complex was emphasised.
The Belagro-2024 exhibition also saw the national exposition of the Republic of Kazakhstan. Domestic agricultural machinery, including combines, tractors, sprinkling equipment, as well as products of deep processing of agro-industrial complex were presented. In addition, scientific achievements of Kazakhstan's agrarian research institutes were demonstrated, for example, a drone used for field cultivation, patents for breeding achievements, including 4 varieties of apples.
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Kazakh President awards WTO Director General Ngozi Okonjo-Iweala 2nd-degree Dostyk Order
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Kazakh President Kassym-Jomart Tokayev held a meeting with Director General of the World Trade Organization Ngozi Okonjo-Iweala, Kazinform News Agency cites Akorda.
Greeting Ngozi Okonjo-Iweala, the Kazakh President pointed out that Kazakhstan attaches great importance to the expansion of cooperation with the WTO.
We’re convinced that under your leadership international multilateral trade will undergo deep transformation aimed at eliminating the existing trade barriers and creating equal conditions. Your visit to Almaty is of paramount importance. Taking the opportunity, I’d like to express gratitude for close cooperation. For Kazakhstan, it was a great responsibility and honor to preside over the 12th Ministerial Conference, during which the WTO member adopted the key solutions on reforming the Organization, said the Kazakh President.
As the Head of State said, despite growing global protectionism and trade barriers, Kazakhstan is committed to strengthen its position as a country with an open economy. Currently, Kazakhstan conducts trade with 180 countries.
Over the past three years, the volume of foreign trade of Kazakhstan has increased 53%, hitting 160 billion US dollars. The Kazakhstan informed that recently the decree on measures to liberalize the economy aimed at promoting fair competition, protecting the freedom of enterprise and reducing the State’s involvement in the economy was signed.
For her part, Ngozi Okonjo-Iweala commended the contribution Kazakhstan made as the chair of the 12th WTO Ministerial Conference in adopting key solutions in the area of global trade. During the meeting, the Head of State stressed that the Central Asia Trade Policy Forum currently underway in Almaty is of great importance to the promotion of regional economic cooperation as well as the integration of the region’s countries in the multilateral trade system.
In conclusion, President Tokayev awarded Ngozi Okonjo-Iweala the Dostyk Order of 2nd degree to recognize her contribution to the enhance the system of multilateral trade and the global role o the WTO.
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Kazakhstan regards Turkmenistan as a reliable strategic partner - Tokayev
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Kazakh leader Kassym-Jomart Tokayev held a meeting with Deputy Chairman of the Cabinet of Ministers - Minister of Foreign Affairs of Turkmenistan Rashid Meredov, who arrived in Astana for an official visit, Kazinform News Agency cites Akorda.
Greeting the Turkmen diplomat, the Head of State expressed satisfaction with the current state of the Kazakh-Turkmen relations, that have been steadily enhanced in a spirit of friendship, good-neighborliness and strategic partnership.
We regard Turkmenistan as a reliable strategic partner, a state close to us in terms of spirit and history. Indeed, recently, cooperation between our countries has been developing upward and gained a new momentum, including in the strategic sectors of economy, said the Kazakh leader.
Taking the opportunity, Tokayev conveyed his best wishes to Turkmen President Serdar Berdimuhamedow and National Leader of the Turkmen People, Chairman of the People's Council of Turkmenistan Gurbanguly Berdimuhamedow.
For his part, Meredov expressed gratitude for the traditionally warm reception and confirmed the commitment of Ashgabat to further enhance bilateral cooperation with Astana in the entire range of interstate relations.
During the talks, the implementation of major projects in trade and economic, energy and transport and logistics spheres was discussed. The importance to bring them to fruition was noted, once again demonstrating the special character of relations between the fraternal states.
Special attention was drawn to the deepening of cultural and humanitarian dimensions, which are filled with new content with each passing year.
The interlocutors also discussed the current issues of regional and international agenda as well as reviewed the schedule of upcoming contacts at the highest level.
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Kazakh President Tokayev to address 46th Singapore lecture
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Head of State Kassym-Jomart Tokayev held a meeting with Senior Minister - Coordinating Minister for National Security of Singapore Teo Chee Hean, Kazinform News Agency cites Akorda.
Tokayev and Mr. Teo Chee Hean discussed the current state and prospects for developing political and economic cooperation between Kazakhstan and Singapore.
During the meeting, the Kazakh leader said that Astana is ready to start a new chapter in bilateral partnership based on trusting dialogue and strong trade and investment ties.
The Head of State stressed that it is a great honor for him to address today the 46th Singapore lecture on regional security, stability and sustainable development.
Senior Minister Teo Chee Hean thanked Tokayev for visiting the Institute of Southeast Asian Studies. He highlighted the relevance of the lecture of the Kazakh leader to study social and political trends, security issues and economic developments in the region.
The interlocutors also exchanged views on the international and regional agenda.
Following the meeting, the Head of State of Kazakhstan left an autograph in his book ‘Overcoming. Diplomatic essays’ written in English, which Teo Chee Hean brought from Kazakhstan.
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