Saudi Press

Saudi Arabia and the world
Friday, Jul 04, 2025

Clear path for EU-Kazakhstan agreement to enter into full force

Clear path for EU-Kazakhstan agreement to enter into full force

Italy was the last EU country to ratify the Enhanced Partnership and Cooperation Agreement (EPCA) with Kazakhstan, signed in 2015, paving the way for the trade deal to enter into full force.

“We are very happy of course that the ratification process of this agreement is now almost complete,” said Roman Vassilenko, Deputy Minister of Foreign Affairs of Kazakhstan at an EURACTIV event.

The Council will now be able to conclude the ratification process after the Italian Senate approved the deal, often described as “WTO-Plus”, as its chapter on government procurement in essence mirrors the equivalent WTO chapter.

The EPCA also sets a legal framework for cooperation in 29 areas, from international and regional security to trade, investment, development of infrastructure as well as innovation in culture, sport and tourism sectors.

Vassilenko hopes that the agreement will increase the dynamism of the trade relationship, in particular in the field of high-tech products. The EU accounts for almost half of Kazakhstan’s external trade, and remains Kazakhstan’s biggest trade and investment partner.

“Kazakhstan is by far the largest trade partner of the EU in Central Asia”, said Jocelyn Guitton from the Commission’s Directorate-General for Trade. EU-Kazakhstan trade comprises 86% of commerce flows between the bloc and Central Asia. “It is our only significant trade partner in the region”, the official added.

However, about 80% of Kazakhstan’s exports to the EU are fossil fuels, especially oil and gas. Diversification will require connectivity to become one of the key elements of the EU’s new strategy for the region.

Kazakhstan invested heavily into its flagship Nurly Zhol programme, a $9 billion domestic economic stimulus plan to develop and modernise roads, railways, ports, IT infrastructure, education and civil services linked to China’s Belt and Road Initiative.

Kazakhstan is the world’s largest land-locked state. “You’re right in the middle of Central Asia. Some could say it’s in the middle of nowhere but you can also see it as a middle of everywhere”, said the Commission official.

The key issue for Kazakhstan to become more than just a logistical hub. “We believe that the EPCA is a major drive in the medium to long-run to improve the business climate”, which can aid in attracting foreign direct investment to achieve that goal, argued Guitton.

Another area “where we would like to develop cooperation is the set of efforts to promote regional cooperation” in Central Asia commented Philippe van Amersfoort, the European External Action Service’s Deputy Head of division responsible for the region.

“Our interest is to support what we call open regionalism in Central Asia and all forms of cooperation to tackle cross-border challenges”.


Time is indeed ripe for Kazakhstan to become a regional leader. “Kazakhstan right now is a country on the move, economically socially and politically”, said Vassilenko, referring to the economic and social reforms promised by the new president Kassym-Jomart Tokayev.

The second summit of the five Central Asian countries, expected to be announced shortly, will be a good opportunity to exercise leadership in the trade sphere, since only 5% of the volume of trade of the countries of Central Asia is among themselves.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
×