The mutual trade between
Kazakhstan and China reached over $13.5 billion in the first half of the year,
with more than $6 billion accounting for domestic exports. At the large-scale Kazakh-Chinese
business forum in Shenzhen, Kazakh Minister of Trade and Integration Serik
Zhumangarin stressed that the countries have great potential for trade growth.
Additionally, he outlined three main areas for investment in Kazakhstan, namely
logistics, which includes the development of existing and the creation of new routes,
infrastructure as well as loading and unloading centers. The sphere is of
particular interest to large transport operators. According to Zhumangarin, a
network of border logistics centers is currently being created. They will
become the basis of the EAEU countries and Central Asia with the prospect of
further expansion.
“Kazakhstan has created a network
of special economic and industrial zones where investments can be made. However,
the most priority sector is transport and trade logistics. Thus, we have set up
a network of hubs. The first one is the Khorgos International Center for Border
Cooperation on the border with Xinjiang, which you are welcome to visit. The
hub also includes a special economic zone ‘Khorgos-Eastern Gate’. Besides, we
have established an industrial trade and logistics complex on the border with
Kyrgyzstan and an International Center for Industrial Cooperation on the border
with Uzbekistan. Now we intend to create a trade and logistics center on the
territory of Turkmenistan. Also, Kazakhstan has the hub on the Caspian Sea
coast, the port of Kuryk, and the Eurasia cross-border trade center. But this
does not limit the activities. It bears noting that to date, our country is the
shortest way for China to the European market,” said Zhumangarin.
It should be noted that today
Kazakhstan’s investment legislation fully complies with the best international
standards. It guarantees capital protection as well as tax and customs
preferences. The country’s Ministry of Trade and Integration notes two more
promising areas for investment, including deep processing of products and the development
of agriculture.
Web-editor: Aizhan
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