EU-Kazakhstan High-Level Business Platform discusses ways to overcome the setback caused by COVID crisis
NUR-SULTAN (TCA) — The EU-Kazakhstan High-Level Platform of dialogue on economic and business matters held its fifth (video) meeting in Nur-Sultan on October 23, chaired by Prime Minister Askar Mamin. The event brought together representatives of business and EU Heads of Mission led by the Ambassador of the EU to Kazakhstan, Sven-Olov Carlsson, the Delegation of the European Union to Kazakhstan reported.
Ambassador Carlsson spoke about cooperation in addressing the pandemic, the EU's Green Recovery and implementation of the EU-Kazakhstan Enhanced Partnership and Cooperation Agreement (EPCA). The EU sees this crisis as the once in a lifetime opportunity to relaunch economic growth on a new technological basis, as green growth. “We are committed to becoming climate neutral by 2050. And we would like Kazakhstan to be a partner in this transformation,” Ambassador Carlsson said. Participants also discussed investment climate issues.
The EU is Kazakhstan's first trading and investment partner. With the EPCA, the EU and Kazakhstan have developed a framework for further strengthening trade and economic relations. The EU supports Kazakhstan's ambitious reform and modernisation processes, including the improvement of the business climate.
The Platform of dialogue at high level complements the technical dialogue between the EU and Kazakhstan within the EPCA, in particular the Cooperation Committee in Trade Configuration, which took place on 9 October.
The EU-Kazakhstan Enhanced Partnership and Cooperation Agreement, signed in Nur-Sultan on 21 December 2015, provisionally applied since 1 May 2016 and fully in force from 1 March 2020, aims at creating a better regulatory environment for businesses in areas such as trade in services, establishment and operation of companies, capital movements, raw materials and energy, intellectual property rights. It is a tool of regulatory convergence between Kazakhstan and the EU, with some “WTO plus” provisions, notably on public procurement.