Kazakhstan-China economic cooperation issues discussed in Astana
Astana, Kazakhstan, Nov. 20
By Daniyar Mukhtarov - Trend:
Kazakh Minister of National Economy Yerbolat Dossayev and Chinese Vice-Minister of Commerce (Assistant Minister) Tong Daochi discussed the trade-economic cooperation between the two countries.
"Taking into account that China is one of the world's largest investors, we expect a significant intensification of investment activity in Kazakhstan after a new package of incentives was created for investors," Dossayev said.
The sides also discussed the preparation for Premier of the State Council of the People's Republic of China Li Keqiang's upcoming visit to Kazakhstan in December.
"China is the closest neighbor and strategically important trade-economic partner for Kazakhstan," Dossayev said. "We have quite friendly and allied political relations."
"The trade turnover between Kazakhstan and China amounted to $13.3 billion in January-September 2014," he said.
The inflow of direct investments from China to Kazakhstan from 2005 to the first half of 2014 amounted to more than $ 11.8 billion (mostly construction, mining and oil and gas industry in Kazakhstan).