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China eyes to increase import of agricultural products from Kazakhstan

Business Materials 2 June 2018 11:10 (UTC +04:00)

Baku, Azerbaijan, June 2

By Ali Mustafayev – Trend:

Representatives of the business circles of Kazakhstan and China held a joint meeting within the framework of the "One Belt - One Road" program.

During the meeting, the Chinese delegation announced that it will invest $200 million in Kazakhstan’s agriculture in 2018, Kazakh media outlets reported.

The funds will be used to create training centers for specialists of Kazakhstan’s agriculture sector working on modern Chinese machinery.

The Chinese side also touched upon its plans to increase wheat, sunflower and rapeseed oil imports from Kazakhstan, as well as to provide Kazakh producers with access to modern raw material processing technologies and new sales markets in China.

"The main purpose of our visit to Kazakhstan is the expansion of our cooperation. We would like to make our contribution to the development of mutual relations between our countries in the field of food and agro-industrial complex. This will ensure that the goods of the agro-industrial complex can go unhindered in a bilateral direction, circulate between our countries," Secretary-General of the Chinese Institute of Grains and Oilseeds Wang Li Ron said at the meeting.

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