France, Kazakhstan to Sign 15 Economic Deals
World Economy

France, Kazakhstan to Sign 15 Economic Deals

French President François Hollande arrived in Kazakhstan on Friday for a two-day forum in a country with vast uranium and gas reserves and infrastructure contracts on offer. Over 250 delegates representing national companies, private businesses, and financial institutions are expected to attend the event.
Fifteen agreements worth $530.3 million are to be signed as part of the Kazakh-French business forum, RFI reported.
Hollande is due to meet with President Nursultan Nazarbaev and other senior officials during his stay in the Kazakh capital. Human Rights Watch (HRW) has called on Hollande to raise human rights concerns during his meetings with Kazakh officials.
Nazarbayev said the relations between Kazakhstan and France are at “the level of strategic partnership.”
Cooperation between Kazakhstan and France is mostly concentrated on oil and gas, mining, aerospace, nuclear power, banking, and agriculture sectors.
Kazakhstan is rich in natural resources, being the world’s main supplier of uranium, as well as a source of manganese, iron and petrol. The country has plans to invest in waste-disposal, aeronautics, urban transport, construction, health and tourism.
In the first nine months of 2014, the bilateral trade turnover between Kazakhstan and France reached $4.7 billion. Kazakhstan mainly exports oil, metals and chemical products to France, and imports industrial equipment, medicines, cosmetics, cars, food. The two countries cooperate in the production of aircraft and spacecraft.
Over the past decade, French investments in Kazakhstan’s economy amounted to about $10.8 billion. Around 150 French companies have been registered in Kazakhstan.
Located between two powerful neighbors, Russia and China, Kazakhstan is one of the four countries forming the Eurasian Union, an economic block of former soviet states that Russia is looking to enlarge.
Hollande is the third French president to visit Kazakhstan, following François Mitterrand in 1993 and Nicolas Sarkozy in 2009.

Short URL : http://goo.gl/TzxANG

You can also read ...

Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Eurozone inflation slowed to 1.2% in April moving further away from the ECB’s 2% target ceiling.
Eurozone economic growth slowed much more sharply than...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...