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EU, Kazakhstan set stage for new partnership, cooperation deal

Xinhua, January 21, 2015 Adjust font size:

The European Union (EU) and Kazakhstan's enhanced partnership and cooperation agreement was expected to "greatly" facilitate stronger political and economic relations between the two sides when initialed on Tuesday.

The EU said in a statement the agreement would increase the flow of trade, services, and investment between the parties and would contribute to Kazakhstan's political and social development.

Initialing the agreement was an important step towards its eventual signature and subsequent implementation, the statement claimed.

Kazakhstan is the first Central Asian partner to have concluded an enhanced partnership and cooperation agreement with the EU.

The new agreement will replace the partnership and cooperation agreement which has been in place since 1999, and will give EU- Kazakhstan relations an "up-to-date and stronger" foundation, the EU statement said. Endit