Nursultan Nazarbayev: "At present, Asia and Europe need to rediscover each other"

Kazakh President Nursultan Nazarbayev, who is on a visit to Italy, took part in the plenary session of the 10th Summit of the Forum "Asia-Europe" and spoke on the theme “Financial Development and Economic Cooperation through expanding the relationship, azh.kz refers to kazpravda.kz.

Kazakh President noted that the task of finding joint responses to modern challenges and threats dictates to the states of Europe and Asia a unifying agenda, reports kazpravda.kz citing the press service of the head of state.   

The most effective way to overcome the crisis, Nursultan Nazarbayev said, is the disclosure of the integration potential of the Eurasian region. In this regard, the Head of State indicated his vision of cooperation on the continent.  

According to the President of Kazakhstan, it is necessary to change the paradigm of international cooperation, which involves the transition to practical action in matters of eliminating protectionist barriers, increasing bilateral trade and opening of markets.  

Another direction, according to the Head of State is the transformation of the global financial architecture, overcoming imbalances in the financial sector and the development of an effective model for the regulation of international capitals’ flows.   

Nursultan Nazarbayev stressed the need for new financial binder bridges, noting that the regional financial center of Almaty has a lot of potential for this.   

Another key condition for the development of the region, according to the Kazakh President is  strengthening of transport and transit infrastructure, in particular, the revival of the Silk Road, which will provide Europe with the shortest and safest route to Asia.   

The President also stressed the importance of access to modern technologies and energy resources. Kazakhstan, being a stable supplier of energy to Europe and Asia, is making efforts to further diversify energy routes.   

In addition, the President of Kazakhstan said that currently Asia and Europe need to rediscover each other and build a fundamentally new basis of cooperation. The initiative "G-GLOBAL" can be offered by our country as a platform for concerted international action in the field of economics and finance.   

At the end Nursultan Nazarbayev assured that Kazakhstan, as a full member of the Forum "Asia-Europe", is ready to provide all possible support to promote dialogue and cooperation on the continent.