Trade in agricultural sector between Kazakhstan and China grew by 20 per cent
Kazakhstan’s export potential increases from year to year. Over the past five years, trade in agricultural sector between Kazakhstan and China grew by 20 per cent. The shipment of Kazakh goods to China has doubled and the country is set to increase the trade value in the upcoming years. The Kazakh government has introduced a single standard for phytosanitary and veterinary products. It has also set new laws on the standardization of food products. Kazakhstan and China are currently collaborating on several projects such as the production of rapeseed oil, milk, meat and other products.
HONG LI, CHINESE INVESTOR:
- We began the construction of a nylon manufacturing plant in Xinjiang with the capacity of 100,000 tons a year. We want to use Kazakhstan’s wheat as a raw material, because it is of a high quality and the price is quite fair. However, there is an issue of quotas for the import of wheat. We are currently working on this issue.
The developing infrastructure and the transport logistics network allow the expansion of the export geography and boost potential. There are currently open routes from China to Europe and the Central Asian countries in particular through the area of Kazakhstan. Last year, construction of Kazakhstan’s section of the Western Europe – Western China Transport Corridor was completed. The alignment of China’s One Belt One Road initiative and Kazakhstan’s state Nurly Zhol program as part of the Silk Road Economic Belt opens new opportunities for the development of strategic intercontinental infrastructure.
MENG XIAOSU, VICE PRESIDENT, CHINA ASSOCIATION OF ENTERPRISES WITH FOREIGN INVESTMENT:
- The Chinese and Kazakh governments made significant contribution to the economic growth of the Silk Road. Today, many countries acknowledge the importance and pragmatism of this strategic program. This year, the One Belt One Road initiative is turning five years. Kazakh President Nursultan Nazarbayev supported the initiative that resonates with the Nurly Zhol program. This successful cooperation serves the development of the industrial capacities of Kazakhstan and China.
The Chinese businesses invested about US$16 billion in the Kazakh economy over its years of independence. There are about 1,200 Chinese-funded companies in Kazakhstan. A large number of joint investment projects in the fields of machine-building, oil extraction, food industry and logistics are implemented or currently under preparation.
LI ZIGO, DEPUTY HEAD FOR EURASIAN STUDIES, CHINA INSTITUTE OF INTERNATIONAL STUDIES:
- Chinese cars manufactured in Kostanay are quite popular. They are the visible outcome of Kazakh-Chinese cooperation in the manufacturing industry. The light rail transport system which is currently under construction in Astana is another ambitious project created for the benefit of the residents.
Kazakhstan and China established a comprehensive strategic partnership. China is Kazakhstan’s largest export market and trade partner. In the near future, the two countries will implement joint projects worth US$2 billion in agricultural, mining, metallurgical and chemical industries.