Kazakhstan and China are set to double mutual trade
Kazakhstan and China are set to double the mutual trade. The agricultural sector has a vast potential for cooperation. In the first half of 2018, the mutual trade in agricultural products and processed goods between the countries totaled more than US$237 million, which is 21 percent higher compared to the same period of 2017. The countries are planning to increase the trade turnover to US$20 billion by 2020. The parties are planning to develop a Road Map to implement the plans.
ASSET IRGALIYEV, KAZAKH DEPUTY MINISTER OF NATIONAL ECONOMY:
- The Roadmap will include measure aimed at promotion of the Kazakh products on the Chinese market. We will outline our plans in the Road Map to improve the performance and productivity of our agricultural producers. We hope that our Kazakh goods producers and entrepreneurs will be able to easily access the Chinese market in the near future.
Kazakhstan and China are also cooperating on large transit and logistics cooperation. As part of the Nurly Zhol program, the volume of transported freight through Kazakhstan grew to 17 million tonnes last year. The Kazakh-Chinese logistics company established in Lianyungang contributed to the growth. Every year, the volume of transited and exported Kazakh goods increases. During the first year of the terminal’s operation, the port dispatched one train to Central Asia per day and today the service is increased to two to three trains a day. The move is part of Kazakh President’s task to turn Kazakhstan into a major transport and logistics hub in Eurasia.
DARKHAN YESSENGULOV, SENIOR STAFF, LIANYUNGANG PORT:
- We are performing the President’s task of turning Kazakhstan into a logistics hub that both receives and transits goods. We have joint projects, such as Altynkol Dry Port which is closely connected with Lianyungang.
The logistics processes in Lianyungang port are constantly upgraded. The freight load can be tracked with the help of modern technologies. Kazakh companies can track the movement of containers online and have access to the electronic data processing system.
LIU BIN, HEAD, KAZAKH-CHINESE LOGISTICS COMPANY:
- Implementation of the new system in Kazakhstan will allow to optimize logistics and to significantly speed up the delivery time of goods. It will also reduce the number of deferred cargo delivered from Kazakhstan to the port. The system is useful for both Kazakh manufacturers and transport companies because the trains leaving the terminal in Lianyungang reach the border of Kazakhstan.
The terminal specialists are expected to implement the logistics system in Kazakhstan at the main logistics hubs along the New Silk Road. In the future, the single coordination will be established to allow controlling the movement of goods along the Eurasian Continental Corridor. Previously, only container ships delivered freights from the port to the major cities of Europe. A new alternative to sea is a new highway which connects the East and West. It takes only two weeks to transport goods through Kazakhstan to Amsterdam, whereas shipping goods across the Pacific Ocean takes 45 days. Analysts said that the new road substantially cut costs.