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Kazakhstan’s, EU companies to cooperate under new agreement

October 10, 2014, 12:27 UTC+3 ASTANA
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ASTANA, October 10. /TASS/. Kazakhstan’s and EU companies will cooperate under a new partnership agreement, Kazakhstan’s Prime Minister Karim Masimov said on Friday.

“Yesterday in Brussels, the president finalized talks with president of the European Union on a further partnership agreement between the EU and Kazakhstan. It is an opportunity for Kazakhstan to cooperate with European companies along with cooperation in the Eurasian Economic Union,” he told a business forum.

The prime minister said an agreement on organization of the Eurasian Economic Union is signed, ratified and will come into force on January 1, 2015. “On the one hand, it is cooperation of businesses inside the Union, on the other, it is an opportunity for Kazakhstan’s producers to enter new markets,” he said.

Not a single company in the developed economies can afford a full production cycle, he said.

“Major high-technology companies join the chains of added values, and they cooperate with other companies across the world; and this is the way to make best products. Our economy should be a part of the global economy so that Kazakhstan could cooperate with other companies," Masimov noted.

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