Kazakh and Chinese businesspeople have signed export
contracts worth $100 million. The documents were signed during a trade mission
in Xi’an. Experts are confident that this will boost the partnership and open
up new opportunities for domestic producers. In addition, the Jiangsu
multifunctional center in Central Asia, which is planned to be built in Astana,
is expected to help expand business ties.
«It will serve in the future as a large platform for
domestic businesses to boost trade turnover, that is, trade and cooperation
between China and Kazakhstan. The center will be a multifunctional hub,
featuring shopping areas, business negotiation spaces, and other facilities,» said
Yelzhan Korzheubayev, chief expert of the Export Promotion Department at the Kazakh
Ministry of Trade and Integration.
Another $100 million is set to be invested by Chinese
entrepreneurs in the Atyrau region. Plans are in place to launch a private
special economic zone or an industrial park. Seven large Chinese companies,
including leaders in petrochemicals, renewable energy, construction materials,
and waste processing, are ready to take part in the project.
«This park will involve the creation of high-tech industries
and environmentally friendly solutions. In other words, both of these projects
will also be implemented through investments from the other side,» Korzheubayev
added.
Notably, the trade turnover between Kazakhstan and China
increased last year and reached $44 billion ahead of schedule. Meanwhile, the
parties intend to raise this figure to $80 billion.
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