Kazakh President Discusses Expansion of Economic Cooperation with Minister of Foreign Affairs of Japan

NUR-SULTAN – The economic dimension plays an important role in Kazakh-Japanese cooperation, President Kassym-Jomart Tokayev said during the meeting with Minister of Foreign Affairs of Japan Yoshimasa Hayashi, who paid an official visit to Kazakhstan on April 29, reported Akorda. 

Minister of Foreign Affairs of Japan Yoshimasa Hayashi and President Kassym-Jomart Tokayev. Photo credit: Akorda.

The President said that the 30th anniversary of the establishment of diplomatic relations between Kazakhstan and Japan is a historic milestone. The countries have developed constructive cooperation and expanded their strategic partnership during that time.

The agenda of the meeting included the prospects of the Kazakh-Japanese strategic partnership in trade, economic, investment, cultural and humanitarian spheres and interaction within international structures.

Kazakhstan is interested in enhancing multifaceted economic ties with Japan. The countries enjoy successful cooperation within the UN. Trade and investment as well as cultural and humanitarian areas are also promising areas for cooperation.

Tokayev invited Japanese Prime Minister Fumio Kishida to visit Kazakhstan. 

Japan is ready to expand its mutually beneficial partnership with Kazakhstan in trade, economic and investment areas, said Minister Hayashi. The representation of Japanese companies in Kazakhstan is the highest among the countries of Central Asia.

The foreign minister welcomed Kazakhstan’s reforms and efforts to provide humanitarian support to the Afghan people.

On the same day Yoshimasa Hayashi met with Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tileuberdi, reports FM Press Service. The parties discussed issues of bilateral political, trade, economic, cultural and humanitarian cooperation. 

It was noted that Japan is one of the major foreign investors in the economy of Kazakhstan with a total investment of more than 7.7 billion  US dollars since 1993. The bilateral trade turnover between Kazakhstan and Japan in 2021 amounted to 1.1 billion US dollars, 558 million US dollars of export and 559 million US dollars of import.

Following the meetings the Action plan for 2022-2023 years between two foreign ministries was signed.

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