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Kazakhstan's trade opportunities presented at summit in Hong Kong

Kazakhstan's trade opportunities presented at summit in Hong Kong
Фото: Ministry of Trade and Integration 13.09.2023 17:28 620

Minister of Trade and Integration Arman Shakkaliev spoke today at the VIII Summit "One Belt, One Road" in Hong Kong, El.kz reports with reference to the press service of the ministry.

Barrier-free trade, investment, trade and economic cooperation is the main task of the Belt and Road Initiative. To date, 150 countries along the Belt and Road route and more than 32 international organizations have joined the initiative.

"China is the second largest partner of Kazakhstan, with a trade turnover of $24.2 billion in 2022. The dynamics of trade with the special economic region is growing intensively: over the past year, bilateral trade between Kazakhstan and Hong Kong increased by 91% and reached $51.8 million. We are ready to increase non-resource exports to China in the amount of $1 billion for 135 commodity items, to Hong Kong - for 100 commodity items worth over $600 million," Arman Shakkaliev said.

The main component of the development of international trade is the mutual opening of markets and the development of supply chains. Arman Shakkaliev announced Kazakhstan's large-scale plans to become a major transport hub connecting Europe and Asia.

"A lot of prerequisites have already been created for this. The volume of container rail transportation in the direction of China-Europe-China through the territory of Kazakhstan is growing every year. On the border with China, the formation of the SEZ "Khorgos - Eastern Gate" has been fully completed. In 2014, a logistics terminal was established in the port of Lianyungang with Chinese partners, which today is the main point of consolidation of cargo flows from and to Kazakhstan.

In May of this year, the construction of the terminal of JSC NC "KTZ" on the territory of the dry port of Xi'an was launched. According to the "beam" principle, projects of high-quality roads are being implemented in the directions of Center-South, Center-East, Center-West, which will provide through travel from south to north, from west to east," he continued.

In conclusion, Arman Shakkaliev noted that Kazakhstan has a great investment potential and is ready to actively work with foreign partners in the direction of manufacturing and light industry, new high technologies, green energy, infrastructure and finance.

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