Signed agreements between Kazakhstan and Italy: a breakdown of the agreements reached during the diplomatic discussions
Freshening Up Kazakhstan-Italy Relations: A Broader Partnership
During her visit to Astana, Italian Prime Minister Giorgia Meloni and President of Kazakhstan Kassym-Jomart Tokayev signed a Joint Statement on Strengthening Strategic Partnership. This pact outlines a broad framework for enhancing bilateral cooperation across various sectors. Here's a snapshot of the key agreements and memorandums exchanged:
Agreements Galore
- Agreement on the Readmission of Persons: This agreement aims to facilitate the return of individuals illegally residing in either country, promoting a smooth exchange process.
- Joint Statement on Cooperation in Critical Resources and Raw Materials: This collaboration focuses on the sharing of knowledge and resources in the field of critical minerals and raw materials, with a focus on fostering sustainability and technological innovation.
- Samruk-Kazyna and Maire Tecnimont: This partnership is geared towards developing innovative energy infrastructure projects, accelerating Kazakhstan's ambitious green transition.
- Samruk-Kazyna and Ansaldo: This collaboration involves the creation of local production chains for components of gas-fired power plants, driving growth in industrial and technological sectors.
- Water Management Cooperation: This agreement involves the sharing of knowledge and best practices in water management between Kazakhstan's Water Resources Ministry and OICE, aiming to ensure sustainable water practices.
- Joint Declaration: This declaration seeks to strengthen financial cooperation, laying the groundwork for future joint ventures.
- Samruk Energo and SACE SpA: This agreement aims to enhance commercial relations in the energy sector, bolstering energy security for both nations.
- Kazakh Invest and the Italian Trade Agency (ICE): This memorandum is designed to promote and facilitate mutual investments, fostering economic growth in both countries.
The agreements reflect a broader strategic partnership, with Italy being a significant trade and economic partner for Kazakhstan. The accords are valued at over €4 billion, demonstrating a shared commitment to deepening bilateral ties across sectors such as energy, trade, investment, and resource management.
In this expanded strategic partnership, the Joint Declaration will strengthen financial cooperation, potentially leading to significant future joint ventures between Italy and Kazakhstan. Additionally, the collaboration between Samruk-Kazyna and Maire Tecnimont in developing energy infrastructure projects underscores the commitment of the two countries to foster growth in the business and finance sectors, specifically focusing on innovative and sustainable projects in the industry.
