Kazakhstan, China discuss issues of expansion of cooperation

Photo: Kazakhstan, China discuss issues of expansion of cooperation / Kazakhstan

Astana, Kazakhstan, Feb. 26

By Daniyar Mukhtarov - Trend:

Kazakhstan and China discussed the spectrum of issues within the seventh meeting on the trade and economic cooperation in Beijing, especially, the development of the two countries' transit potential, Kazakh Ministry of Economy and Budget Planning said on Feb.26.

"Additionally, the parties discussed the construction of a grain terminal on the Kazakh-Chinese border, supply of wheat, sheep wool and Chrome tanned semi-finished product, and woolen semi-finished product," the ministry said.

The trade between the two countries in 2013 reached $22.53 billion. Kazakhstan's exports exceeded $14,334 billion. Import - $8.193 billion, according to the Kazakh Ministry of Economy and Budget Planning. Chinese investments in Kazakhstan amounted to $19.51 billion in 2013, according to the Chinese Ministry of Commerce.

The large joint projects include the expansion of Kazakhstan-China oil pipeline and Kazakhstan-China gas pipeline, construction of Beyneu-Bozoi Shymkent gas pipeline, joint project for development of Semizbay uranium fields, construction of a deep refining complex at the Atyrau refinery, the ministry said.

The parties also emphasized the creation of a joint working group on agriculture, which will work on the issues of expanding the volume of Kazakh wheat and flour supply to China and their transit to third countries through the territory of China.

Translated by L.Z.

Edited by C.N.

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