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Monday, November 30th, 2020

Trade turnover between Kazakhstan and China increased by 30%

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In the first months of 2017, trade turnover between Kazakhstan and China increased by 30 percent. This was announced by the First Deputy Prime Minister Askar Mamin at the 8th meeting of the Kazakh-Chinese Cooperation Committee after meeting with the Chinese co-chairman, member of the Politburo Standing Committee of the Communist Party of China, Vice Premier of the State Council of the People’s Republic of China Zhang Gaoli.

“At the initiative of the Heads of our States, a joint Kazakh-Chinese program for investment cooperation was established, within the framework of which currently 51 projects are being implemented for a total of about 27 billion US dollars.

In general, the dynamics of projects implementation is positive, and we discussed several very important projects of this program. I would like to note that our investment cooperation has moved to a qualitatively new level. We see that Chinese companies are actively involved in the implementation of joint projects. Kazakhstan is actively developing its transport infrastructure to create conditions for the further development of transportation along the Silk Road route, � Askar Mamin said.

He recalled that last year, within the framework of the visit of the President of Kazakhstan to the People’s Republic of China, a cooperation plan was signed to link the New Economic Policy “Nurly Zhol” with the Economic belt of the Silk Road.

“The cooperation plan offers us great prospects in the field of development of transport and transit cooperation, in the field of investment cooperation. Today we see the results of this work. It should be noted that in the first two months of 2017 the volume of trade turnover between our countries increased by 30 percent. This is a very high indicator. Container transportations on the route “China-Kazakhstan” to Europe annually increase twice, the indicator increased 2.6 times in the 3 months of 2017 compared with the same period of last year. The increasing volume of transportations speaks for practical implementation of the Program One belt � one way and the Nurly Zhol program, � A. Mamin said.

First Deputy Prime Minister also noted that joint development of the Center for Cross-Border Cooperation “Khorgos” will also contribute to the development of international cross-border trade and business cooperation, cultural and scientific exchanges.

Source: Government of the Republic of Kazakhstan

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