Germany Interested in Participating in Kazakh Industrialisation Programme

May 30. MFA

Germany Interested in Participating in Kazakh Industrialisation ProgrammeThe visit of a Kazakh delegation led by Deputy Prime Minister and Minister of Industry and Trade Asset Issekeshev to Germany on May 23-25 concluded this week with the signing of 11 memorandums and commercial agreements amounting to more than €1.5 billion, and designed to facilitate the industrialisation, the introduction of new technologies and diversification of Kazakhstan’s economy.

During the trip, the delegation held numerous meetings with heads of various economic agencies and leading German companies. The aim was to present Kazakhstan’s potential and encourage involvement of advanced European technologies and investments within the programmes of diversification and modernisation of the Kazakh economy. Representing the main objectives of the State Programme for Accelerated Industrial and Innovative Development (PAIID), the Kazakh side expressed its readiness to assist in the ultimate success of German investments in the country.

On May 24, the Deutsche Bank’s office in Berlin hosted a large Kazakh-German economic forum titled “Impulses for Economic Cooperation”.

The event was attended by several heads of different ministries of Kazakhstan, of the Qaraghandy Oblast, Samruk-Kazyna National Welfare Fund and its subsidiaries, Sary-Arka Social Entrepreneurial Corporation, Kazakhstan’s Union of Engineers, the two nations’ chambers of Commerce and other business associations. Vice-Chancellor and Federal Minister of Economics and Technology Philipp R?sler, senior figures representing the Eastern Committee of German Economy, Association for economic cooperation with Eastern and Central Europe, Chambers of Commerce, Germany’s Union of Engineers, and the Federal Association of German Industry.

More than 400 participants, including representatives of international corporations, potential investors, academics, politicians, and experts from business and financial circles attended the event, where they engaged in discussions in three panel sessions. The German side commended the trustful relations with Kazakhstan, expressing interest in cooperation in various sectors of the economy. The Kazakh government’s successful economic policies were highlighted, which, according to the German side, are the engine of development in Central Asia.

Issekeshev and R?sler signed the Joint Statement of Intent between Kazakhstan’s Ministry of Industry and Trade and Germany’s Federal Ministry of Economics and Technologies on deepening economic cooperation and adopting an intergovernmental agreement on partnership in raw, industrial and technological spheres in close future. Notably, the planned signing of the intergovernmental agreement is being prepared for the first time and Kazakhstan will become the region’s pilot country, with whom cooperation will be established in the above stated sectors.

The document suggests that the mutually beneficial cooperation will provide Germany with access to Kazakhstan’s raw materials, at the same time developing technological infrastructure, improving the efficiency of use of raw materials, implementing environmental and social standards in production and processing of raw materials. The German side, in turn, will promote diversification and modernisation of Kazakhstan’s economy, innovation and technology, will help launching new factories and production sites, as well as, in collaboration with research institutions, will provide support to Kazakhstan in establishment of industrial clusters and advice on improving the investment climate of the country.

On May 24, the second session of the Kazakh-German Business Council for Strategic Cooperation, established during Federal Chancellor Angela Merkel’s official visit to Astana in July 2010, was held, while later that day Issekeshev met Minister of State at Germany’s Foreign Office Cornelia Pieper.

A day earlier, on May 23, Kazakhstan’s delegation visited Bavarian Technology Centre in Munich, where a meeting with Hans-J?rg Bullinger, President of the Fraunhofer-Gesellschaft, Europe’s largest association of institutes of applied research.

In addition, Issekeshev reviewed prospects of establishing joint production facilities in Kazakhstan with the management of such holdings as Bombardier, Linde, Grillo-Werke, Georgsmarienhuette, Chemieanlagenbau Chemnitz CAC, SMS-Group, ThyssenKrupp, Knauf, Metro, Siemens, Lanxess, Frontier Capital Partners, Vestas Capital Partners, and the RWE Dea.

On the visit’s last day, the Kazakh delegation visited several facilities in the North Rhine-Westphalia state including in D?sseldorf, Duisburg, Leverkusen, Moenchengladbach, and got acquainted with the activities of the chemical industrial park Lanxess, and plants of ThyssenKrupp, and SMS Group.