Kazakhstan is set to expand its
transportation and logistics capabilities, with experts predicting a fivefold
increase in the transshipment of Chinese cargo through the country in the
medium term. This was discussed at the Second Forum of Kazakh Exporters and a
conference on trade and economic cooperation between Kazakhstan and the Chinese
province of Sichuan. During the event, businesspeople from both countries
signed contracts worth $165 million for the supply of goods. Kazakhstan is
currently increasing its trade volumes with one of the largest provinces of China.
The trade turnover with Sichuan stands at nearly $230 million, with Kazakh
exports comprising $45 million of this total. The province is ready to procure
large quantities of Kazakh oil and fat and grain products, beverages,
confectionery, and other goods. Additionally, the QazTrade Center for Trade
Policy Development will soon launch a trade office in Sichuan. The export
operator will serve as a link between domestic enterprises and major Chinese
companies.
