Sunday, February 25, 2024

The president of Kazakhstan visited Italy to strengthen relations

According to a statement released by the Presidency of the Republic on its official website, during the meeting between Mattarella and Tokayev, attended by the Italian Foreign Minister, Antonio Tajani, political and economic issues of common interest were discussed.

After the end of the meeting, held in the morning at the Quirinal Palace, the Italian president stated that this first official visit of the Kazakh leader “is a sign of the great collaboration that exists and that we want to strengthen,” with the strategic partnership treaty that has been in force since 2009.

Mattarella added that “Italy and Kazakhstan are linked by the principle of multilateralism, and our economic relations are intense.”

Tokayev will meet this Thursday with the Italian Prime Minister, Giorgia Meloni, at the Chigi Palace, and in the afternoon he will participate in a round table on investments, in which Tajani will also participate, which will take place at the headquarters of the chancellery, where the many trade agreements will be signed.

On January 19, the president of Kazakhstan will be received by the audience of Pope Francis in the Vatican and will later visit the headquarters of the Food and Agriculture Organization of the United Nations (FAO) and the World Food Program (PMA).

According to a report released by the local agency Nova, in recent years, Italy has increased its attention to Kazakhstan and other Central Asian countries due to its natural resources, including hydrocarbons, as well as its geographical position.

This medium emphasizes that Italy has a special meaning for the Kazakh economy because it is the largest oil consumer in the world, although there are many other areas of interest.

Italian energy giant ENI operates large fields in Karachaganak and Kashagan, where it produces 32 million barrels of oil as well as 2.1 billion cubic meters of gas per year.

Kazakhstan has large reserves of rare earth and critical minerals, including lithium, nickel, chromium, and manganese, as well as uranium.

The value of Kazakh imports of Italian products amounts to just over one billion dollars, while this European country remains the third strategic trading partner of Kazakhstan after Russia and China, with a share of 11.5 percent of the total. trade in the country of Central Asia.

In September last year, Tajani visited that country and met with his counterpart, Murat Nurtleu, to sign a joint declaration to promote economic and industrial cooperation initiatives in the decarbonization sectors, unique land, and new technologies, the source added.

World Nation News Desk
World Nation News Desk
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