Trade turnover between Kazakhstan and Germany exceeded $2.5 billion in the first seven months of this year. Exports increased by more than 15%. Among the key exports are oil, ferroalloys, insulated wires and cables, hydrogen and other products. Imports from Germany include pharmaceuticals and vaccines, electric generating sets, passenger cars and household appliances. Analysts note that ties between Astana and Berlin continue to strengthen, in part thanks to President Kassym-Jomart Tokayev’s repeated visits to Germany, the holding of business forums and other dialogue platforms, and the opening of branches of German universities in Kazakhstan’s regions.
«In recent years, we have seen a noticeable increase in the exchange of delegations. What I believe is particularly important and noteworthy is that our relations have become institutionalized. This is reflected, in particular, in the Central Asia + Germany format and the equally important European Union - Central Asia format. The first summit was held in November last year, and since then, trade turnover between the two sides has increased significantly,» noted Yerbulat Seilekhanov, chief research fellow, Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan.
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