Concept

Kazakhstan–United Kingdom relations

Summary
Kazakhstan – United Kingdom relations were formally established on 19 January 1992. The UK opened an embassy in Kazakhstan in October 1992 and Kazakhstan opened an embassy in the UK in February 1996. Kazakhstan's relations with the West have greatly improved in the last few years as the Government has closely cooperated in the U.S.-led War on Terror. Britain is the third-largest foreign investor in Kazakhstan with British companies making up 14% of foreign direct investment. Over 100 British companies do business in Kazakhstan. BAE Systems has a 49% stake in Air Astana. The Kazakh-British Strategic Dialogue is a platform for mutual political communication and cooperation. It is chaired by each country's foreign minister. The UK is one of the six largest investors in the Kazakh economy. Foreign direct investment inflow from the UK in 2005-2018 totalled 13billion(£10.8billion).BritishinvestorsandcompanieshaveinvestedUS13 billion (£10.8 billion). British investors and companies have invested US25 billion into Kazakhstan since 1991. In 2018, the gross inflow of FDI from the UK in Kazakhstan reached 593.1million,anincreaseof11.1593.1 million, an increase of 11.1% compared to 2017 (533.8 million). Over 10 years, the influx of direct investment from the UK to Kazakhstan amounted to 8.8billion.ThemostattractiveindustryinKazakhstanforUKinvestorsisprofessional,scientificandtechnicalactivities;theshareofwhichis34.3percentofthetotal,or8.8 billion. The most attractive industry in Kazakhstan for UK investors is professional, scientific and technical activities; the share of which is 34.3 percent of the total, or 7.8 billion. Investors from the UK also significantly financed financial and insurance activities (2.4billion)andminingandquarrying(2.4 billion) and mining and quarrying (1.8 billion). The UK is also among Kazakhstan's ten largest trading partners. In 2018, mutual trade amounted to 1.2billion(£1billion).ThemainshareintheturnoveristheexportofKazakhgoodsandservices63percent,or1.2 billion (£1 billion). The main share in the turnover is the export of Kazakh goods and services - 63 percent, or 793.9 million, while imports from the UK reached 466.8million,or37percent.TheUKandKazakhstanarecooperatingtobuildthesupportinginfrastructureandcommercialactivityforthetransEurasiantransportcorridorsandtheSilkRoadcorridor.In2019,twowaytradeamountedto466.8 million, or 37 percent. The UK and Kazakhstan are cooperating to build the supporting infrastructure and commercial activity for the trans-Eurasian transport corridors and the Silk Road corridor. In 2019, two-way trade amounted to 3.
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