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China, Kazakhstan discuss future of economic cooperation

Business Materials 17 May 2019 15:45 (UTC +04:00)

Baku, Azerbaijan, May 17

By Nargiz Sadikhova - Trend:

China is interested in expanding economic cooperation with Kazakhstan, said Eldar Zhumagaziev, Deputy Chairman of Atameken (national chamber of entrepreneurs of the Republic of Kazakhstan), Trend reports via Atameken press office.

He made the remarks within the framework of Kazakh-Chinese Interregional Forum on high-technology enterprises.

“Chinese market is interested in sustainable product. Furthermore, Kazakh manufacturers will be able to export up to 130,000 tons of meat, eight tons of honey, feed, oilseeds, fruits and vegetables, as well as of poultry products per year,” the report said.

“China has been an important economic partner of Kazakhstan since the country became independent. Over the course of the time the economic relations of our countries only grow stronger. They cover not only trade transactions but expand the work aimed at the prosperity of the region. Thus, food products could become the main reason for our economies development,” said Zhumagaziev.

Today, countries are actively cooperating to remove barriers for Kazakh export. The restrictions concerning the export of some Kazakh meat and vegetal production to China are already lifted. The access of Kazakh milk and egg production is estimated to be granted soon.

“We are happy that in 2013 Xi Jinping, President of the People's Republic of China announced an idea to create The Silk Road Economic Belt. Today the program is providing great opportunities for Central Asia countries to cooperate with China. Kazakhstan has an important geopolitical situation and plays a linking role between economies of China and EU,” added Zhenis Kassymbek.

A Memorandum on Cooperation between Kazakh and Chinese entities was signed at the end of the forum. Some 60 representatives of Kazakhstan and China business participated in the forum.

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