Kazakhstan, however, is not a Central Asian country as one might imagine, a territory as far away as it is strategic for the business of Italian companies.
This represents the 38th international apostolic trip since Francis began his pontificate in March 2013 and is of relevant importance at this time of tension between Russia and the European Union with the restrictions on Russian gas to the old continent.
With a production of 3% of world oil, the country is among the 15 largest producers of black gold and among the top 12 in terms of reserves, for an amount greater than 80 million tons.
The volume of business with Italy
Raw materials that are of interest to everyone, including Italy, which with Kazakhstan “is united by friendly relations and a strong economic partnership.”
In fact, Italy, in addition to being among the first in the West to recognize the newly formed Republic of Kazakhstan after independence from the former USSR on December 16, 1991, also ranks third in 2019 among the country’s trading partners. after Russia and China and the first in Europe.
According to the latest data, before the outbreak of the pandemic, Italian exports to Kazakhstan had a value of 1,088 million euros, slightly more than the previous year (1,086.3 million), while imports had reached 2,110 million.
To make a comparison, exports with other “-stan” countries in the area, ie Tajikistan, Turkmenistan, Uzbekistan, amounted to 31.3 million, 53 million and 312 million respectively.
Italy is the second destination market for the country’s exports with a market share of 13.4% in the period January-May 2021.
Source: Ambito
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