Increasing number of Kazakh-Chinese cooperation projects in Kazakhstan
The key to Kazakh-Chinese cooperation is the development of the countries’ trade and economic activities.
The countries are set to launch various joint-enterprises in Kazakhstan. One of the projects includes a US$50 million investment by China in the construction of a pharmaceutical factory in Almaty.
“The Silk Road initiative was adopted and the Nurly Zhol program which resonated with the Chinese Belt and Road project was developed in Kazakhstan. I decided to use this opportunity and addressed a well-known Chinese company which supported me,” executive director of a pharmaceutical factory, Merei Slamuly said.
Meanwhile, two production lines for the infusion of solutions and oncology drugs were also launched. The factory manufactures 70 million bottles of medication per year. The products are sold in Central Asia and Russia.
Slamuly said that there are plans for the factory to expand its export markets in the near future.
“We transport our products by using highways and railroads across Kazakhstan. The distances are long, therefore the transportation expenses are quite high. But this year, we receive the good news that the Government will provide transportation subsidies for us,” he said.
Meanwhile, a large Kazakh-Chinese factory that manufactures durable steel pipes is being constructed in Almaty. The project costs 33 billion tenge.
Last year, the trade turnover between Almaty and China exceeded US$3 billion. Experts said that the values will continue to increase as China sees Kazakhstan as its key trade partner while China remains a huge market for Kazakhstan.
Kazakhstan exports oil and gas, bread, chocolate and vegetable oil to China.