Kazakhstan, China trade turnover amounts to $22.5B

Business Materials 13 September 2014 10:00 (UTC +04:00)

Astana, Kazakhstan, Sept.13

By Daniyar Mukhtarov - Trend:

Trade turnover between Kazakhstan and China in 2013 amounted to $22.5 billion, the managing director of the KAZNEX INVEST National Agency for Export and Investment Askar Arynov told reporters.

"According to our analysis of 2013, the trade turnover between the two countries amounted to $22.5 billion, which is 4 percent more than in 2012," Askar Arynov said, summarizing the participation of Kazakh companies in the EXPO - "China -Eurasia-2014" international exhibition which took place in the city of Urumqi.

The export of Kazakhstan grew by 0.7 percent and reached $14.3 billion, with the share of processed products worth $4.2 billion, according to his information.

"Our goal is to increase the share of the processed products. Following the last exhibition in Urumqi contracts worth more than $500,000 on the supply of pasta, cheese and dairy products from Kazakhstan to the Chinese market, were signed," Askar Arynov said.

National Agency for Export and Investment KAZNEX INVEST JSC was created 2 April 2010, by the MINT RK on the base of the KAZNEX Corporation for Export Development and Promotion.

KAZNEX INVEST carries out its activities under the program of the new industrialization (SPFIID), and it is the national operator of the system of development and promotion of non-oil export and specialized state-owned company on attraction and work with foreign investors. KAZNEX INVEST is funded from the national budget and provides its services free of charge.