Trade and economic partnership between Kazakhstan and the PRC is on the rise. This was stated by the Prime Minister of Kazakhstan Olzhas Bektenov at a meeting with the Extraordinary and Plenipotentiary of China to the Republic of Zhang Xiao.
According to the press service of the Kazakh government, the meeting discussed the further development of trade, economic, investment, transit and transport cooperation, as well as cultural and interregional interaction. In addition, attention was paid to the strengthening of partnership in education and science, a transference of technology.
“Kazakh -Chinese joint projects allow you to create high -tech enterprises for the production of quality and demanded products in the market. Today, 3,000 joint companies are successfully operating in our country. This indicates the stability and productivity of the business communities of the two countries,” Bektenov said.
During the negotiations, measures were also considered to eliminate restrictions in mutual trade, remove administrative barriers and simplify customs procedures. In particular, the readiness to increase the supply of Kazakhstan agricultural products of high processing to the Chinese market is indicated. Along with this, steps were discussed in the transit and transport sector for the construction of the new Bakhta-Tachen railway station, the expansion of the potential of the Trans-Caspian International Transport Route and the development of regional integration. In addition, the issues of increasing the number of passenger flights are considered.
In turn, the Ambassador of China to the Republic of Kazakhstan confirmed the high dynamics of the development of strategic partnership of the two countries.
Ambassador of China to the Republic of Kazakhstan also outlined the wide potential of cooperation in the field of agriculture, energy, high technologies and other areas.
Following the meeting, Olzhas Bektenov and Zhang Xiao confirmed their readiness to strengthen work to ensure the progressive development of trade and economic cooperation of Kazakhstan and China.
bilateral trade between Kazakhstan and China, according to the results of the last year, increased by 30%, reaching $ 31.5 billion. The volume of China investment in the economy of Kazakhstan for 9 months of 2023 amounted to about $ 1.4 billion. Currently, 45 are at the implementation stage. joint Kazakh-Chinese projects with investment volume of over $ 14.5 billion. In 2 months of this year, the volume of container transportation increased 2.6 times.