ASTANA, Kazakhstan, July 25. G7 countries are interested in investing in infrastructure projects in Kazakhstan and Central Asian countries, said Helaina Matza, Acting Special Coordinator for the US Partnership for Global Infrastructure and Investment program, TurkicWorld reports.
She made this remark during her meeting with Deputy Minister of Foreign Affairs of Kazakhstan, Nazira Nurbayeva. At the meeting, the parties discussed the possibilities of investing in projects in the fields of transport and logistics, clean energy production, agricultural products, mining, and processing of rare earth metals.
"G7 countries are ready to invest up to $200 billion in infrastructure projects in Central Asia, and Kazakhstan is one of the main destinations for the implementation of such projects. The main goal of the program is to strengthen and diversify the supply chain to ensure food and energy security in the world by expanding trade relations between Central Asian countries with further access to European markets," she said.
In turn, Deputy Minister of Foreign Affairs Nazira Nurbayeva spoke about the prospects for the development of transport infrastructure in Kazakhstan, including through the seaports of Aktau and Kuryk, and the implementation of projects in the areas of clean energy production, critical minerals, and agricultural products.
The Deputy Minister noted that the Central Asian region has great potential for long-term partnership in these areas and expressed Kazakhstan’s readiness to cooperate with the US to achieve common goals.
At the end of the meeting, the parties agreed to develop cooperation between the parties to implement significant infrastructure projects and strengthen economic ties.
Meanwhile, the US is one of Kazakhstan's major trading partners. So, the volume of trade turnover between Kazakhstan and the US amounted to $4.051 billion in 2023. The volume of trade turnover increased by 32.7 percent compared to the same period in 2022 ($3.053 billion).
At the same time, in the structure of trade turnover, exports to the US for the above period amounted to $1.509 billion, which is 30.1 percent more than from January through December 2022 ($1.152 billion).
In addition, imports from the US from January through December 2023 increased by 33.7 percent and amounted to $2.541 billion. In 2022, imports amounted to $1.9 billion.
