Home NEWS Kazakhstan, UK sign roadmap for strategic partnership in critical minerals field

Kazakhstan, UK sign roadmap for strategic partnership in critical minerals field

by Nagoor Vali

ASTANA, Kazakhstan, March 14. Kazakhstan and
the UK have signed a roadmap for a strategic partnership within the
subject of crucial minerals, Development stories.

The doc was signed as a part of the go to of Vice Minister of
Trade and Development of Kazakhstan Iran Sharkhan to the UK to
take part within the “Mineral Processing and Round Financial system”
enterprise discussion board (March 11-15, 2024).

Because the ministry famous, the signed roadmap opened a brand new chapter
of Kazakh-British relations on sustainable minerals.

Along with this, throughout the enterprise discussion board a gathering was
held between Iran Sharkhan and Minister of State for Trade and
Financial Safety of the UK, Nusrat Ghani.

Iran Sharkhan famous the principle fundamental rules of Kazakhstan,
corresponding to “uncooked supplies in change for know-how and entry into
the worldwide worth chain.” He additionally invited British corporations to take
half in funding tasks in Kazakhstan.

In flip, Nusrat Ghani assessed the work of the 2 events
in the direction of the formation of a long-term partnership. The minister
famous with satisfaction the signing of the roadmap, which is an
necessary landmark occasion in transferring the present interplay in
the sector of crucial uncooked supplies between London and Astana to a
sensible degree.

The occasion additionally included B2B conferences, the place entrepreneurs from
Kazakhstan and the UK had been capable of focus on a variety of points
associated to the event of bilateral cooperation within the subject of
crucial uncooked supplies and particular venture proposals.

In the meantime, the quantity of commerce turnover between Kazakhstan and
the UK amounted to $1.18 billion in 2023. The amount of commerce
turnover decreased by 36 p.c in comparison with the identical interval in
2022 ($1.84 billion).

On the identical time, within the construction of commerce turnover, exports to
the UK for the above interval amounted to $702 million, which is 52
p.c lower than from January by December 2022 ($1.46
billion).

As well as, imports from the UK from January by December
2023 elevated by 24.5 p.c and amounted to $478.6 million. For
2022, imports amounted to $384.3 billion.

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