Poland and Kazakhstan intensify economic relations: talks of Prime Minister Beata Szydło and President Nursultan Nazarbayev

Intensification of economic cooperation between Poland and Kazakhstan was the main topic discussed at the meeting of Prime Minister Beata Szydło with President Nursultan Nazarbayev on Tuesday.

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Photo: P. Tracz / Chancellery of the Prime Minister

Cooperation between Poland and Kazakhstan and common history

Kazakhstan is the most important economic partner of Poland in Central Asia, emphasized Prime Minister Beata Szydło during her Tuesday talk with President Nazarbayev. The visit of the President of Kazakhstan to Poland provided an opportunity to intensify economic relations between the two countries.

The Polish Prime Minister thanked the authorities and the society of Kazakhstan for care over descendants of Poles who found themselves in Kazakhstan as a result of Stalinist deportations.

Trade agreements for billion of US dollars

During the two-day visit of the President of Kazakhstan to Poland, trade agreement for approximately billion of US dollars were signed. Yesterday three inter-governmental agreements were concluded, namely, agreements on readmission of persons, on cooperation in agriculture and an agreement on cooperation between Bank Gospodarstwa Krajowego and the Development Bank of Kazakhstan. President Nazarbayev emphasized that Poland was one of the major political, trade and economic partners of Kazakhstan in the EU.

Trade between Poland and Kazakhstan

Within the last several years, the volume of trade between the two countries has increased. In 2012, its value amounted to USD 960 billion, in 2013 – USD 1.2 billion and in 2014 as much as USD 2.3 billion. In 2015, the figure dropped to approximately USD 1.35 billion according to Polish data. However, the experts are of the opinion that the decline is the result of falling prices of commodities on the global market. Over 1400 Polish companies export their products to Kazakhstan, and at least 100 import from Kazakhstan. Poland exports mainly electromechanical engineering products, chemical products, including pharmaceutical products, and agri-food products. The imports from Kazakhstan comprise mainly mineral products (e.g. oil products).

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