19 mar 2019
Business meeting Kazakhstan

NARCISO CASADO PARTICIPATES IN THE BUSINESS MEETING WITH THE DEPUTY MINISTER OF FOREIGN AFFAIRS OF KAZAKHSTAN

Organized by CEOE, the Secretary of State for Trade and Spain’s Chamber of Commerce, in collaboration with the Embassy of Kazakhstan in Spain.

Today, the Head of CEOE’s Cabinet of the Presidency and Director General of CEOE International, Narciso Casado Martín, participated in a business meeting with the Deputy Minister of Foreign Affairs of Kazakhstan, held at Spain’s Chamber of Commerce, to analyse the existing business opportunities in the country and the possibilities of cooperation in key projects. The opening session was also attended by the Secretary of State for Commerce, Xiana Méndez; the Spanish Chamber’s director general, Inmaculada Riera, and the extraordinary and plenipotentiary Ambassador of Kazakhstan to Spain, Konstantin Zhigalov.

Business meeting with Kazakhstan
the Head of CEOE’s Cabinet of the and Director General of CEOE International, Narciso Casado Martín, in a business meeting with the Deputy Minister of Foreign Affairs of Kazakhstan. — ©CEOE

At the meeting, investment opportunities in Kazakhstan were discussed, as well as the priority projects that are being carried out in the fields of energy, industry and infrastructure and agro-industry. Likewise, they analysed financial cooperation and support tools for the internationalization of Spanish companies and they presented the Astana Financial Centre. To address these issues, speakers included the Director of Trade Policy with Europe, Asia and Oceania of the State Secretariat for Trade, María Aparici; the executive director of the Astana International Financial Centre, Aidar Kazibayev, and the director of Investment for JSC National Management Holding "Baiterek", Galym Uzbekov.

The Head of CEOE’s Cabinet of the Presidency and Director General of CEOE International, Narciso Casado Martín, highlighted the good state of bilateral diplomatic relations, as seen on the occasion of the visit of Their Majesties the King and Queen of Spain in 2017, when they attended the Astana Expo. Spanish companies already have, according to Casado, a significant presence in the country in sectors related to transport infrastructure, railway parts, mining, chemistry, energy, the environment, fashion and defence. 
In addition, he added, Spanish companies are specially aware of Kazakhstan due to the weight of its economy within Central Asia, its vast natural resources and its strategic location, which make it an essential transit area for terrestrial, energy, air and telecommunications communications in Eurasia.


Cooperation of Spanish companies

The director general of CEOE International pointed out that the leading Spanish companies in transport, energy, development of sustainable cities, as well as in industries related to chemistry, construction materials or transport can make a key contribution in expanding and modernizing the country’s communications network, as well as in accelerating the process of economic transformation undertaken by the current Kazakh government, with the aim of de-linking it from its excessive dependence on hydrocarbons.
In this regard, Casado said that Spanish businessmen are watching with great interest the ambitious plan for the privatization of public companies and the start-up of the Astana International Financial Centre, since they are part of a comprehensive strategy by the Kazakh government aimed at converting the private business sector into the country’s main economic development driver.


Reforms

CEOE also explained that Spanish businessmen are closely following the implementation of the measures included in "The hundred concrete steps" and "The five social initiatives", which aim to develop Kazakhstan’s Strategic Development Plan for 2050. " The main objectives of this Plan are to place the Asian country among the thirty leading economies in the world,” Casado said.

Among other aspects involved in the deep structural reform initiated by the Government, he said that Spanish businessmen positively value the efforts aimed at improving governance, the business climate and the efficiency of Public Administration. This set of reforms and macroeconomic measures, he added, have enabled a strengthening of the macroeconomic foundations and given a boost to the economy, with an average annual increase above 3% of GDP, which is perceived very favourably by Spanish companies.