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China to participate in industrial park establishment in Kazakhstan

Business Materials 7 April 2014 18:51 (UTC +04:00)

Astana, Kazakhstan, April 7
By Daniyar Mukhtarov - Trend:

China will participate in the creation of an industrial park in the south of Kazakhstan, the Kazakh Ministry of Industry and New Technologies said on April 4.

"Kazakhstan and China have agreed on creating an industrial park in the Almaty region (southern Kazakhstan)," according to a statement.

The agreement was reached during Kazakh Acting Deputy Prime Minister and Minister of Industry and New Technologies Asset Issekeshev's working visit to China.

Issekeshev met with representatives of such Chinese companies as AVIC, SinoAgri, Tsinghua, CITICGroup, CNPC during his visit.

They discussed the issues of establishing the joint ventures in the production of potash fertilizers, complex coal processing, oil and gas equipment manufacturing, agro-industrial complex and cooperation with financial institutions, according to the report.

Moreover, the meetings were held among Vice Premier Zhang Gaoli, Minister of Commerce Gao Hucheng, chairman of the State Development and Reform Committee Xu Shaoshi and Deputy Transport Minister and Chairman of the Chinese State Control of Railways Lu Dongfu and Kazakh ambassador to China Nurlan Ermekbaev.

"The sides discussed intensification of trade and economic cooperation during these meetings," according to a statement. "Particular attention was paid to the Kazakhstan's exports and achieving the two presidents' task of bringing the total trade turnover up to $40 billion by 2016."

In particular, the issues of creating more favorable conditions for the export of phosphate fertilizers, lead-acid batteries, ferrochrome, metals, coal, agricultural and other products were also discussed.

Moreover, the parties agreed to develop a mechanism to resolve Kazakh exporters' problems. The issues of intensifying the cooperation in the field of new technologies and tourism were discussed.

Moreover, the Kazakh delegation visited Shenyang ( Liaoning Province ), where it held a meeting with governor of the province Cheng Zhenggao and 20 largest companies in the province , which operating in mechanical engineering , chemical industry, metallurgy , energy, construction and agro-industrial complex.

translated by NH

edited by CN

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