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China, Kazakhstan agree to boost bilateral trade

Kazakhstan Materials 3 April 2012 10:22 (UTC +04:00)

China and Kazakhstan have agreed to increase bilateral trade up to 40 billion U.S. dollars by the year 2015, according to a joint communiqué signed here on Monday by Chinese Prime Minister Wen Jiabao and visiting Prime Minister of Kazakhstan Karim Massimov, Itar-Tass reported.

"The sides have agreed to promote trade and economic cooperation in the areas of investments, transport and agriculture," the document said.

"The states undertake to encourage more active mutual investment activity and to create more favorable conditions for it."
According to the communiqué, "Kazakhstan hails participation of Chinese companies in the investment cooperation in the areas of mineral resources mining, high technologies and high tech industries."

The two prime ministers highly assessed the bilateral cooperation in the energy sector and said they were ready to continue efforts to implement agreements reached between the two governments.

The sides have pledged to "continue cooperation in order to create favorable conditions for operating oil and gas mains, and to cooperate in the area of the peaceful use of atomic energy, and to cooperate in the
area of trade in uranium."

China and Kazakhstan have agreed to "develop cooperation in the area of construction of motor and rail ways, and in the area of aviation."
"The sides shall offer all-round support to efforts to build a transport route linking China's western regions with Europe," the document said.

The Kazakh prime minister was on a visit to China from March 30 through April 2. He had talks with China's Prime Minister Wen Jiabao and Vice President Xi Jinping. Karimov also took part in the Boao Forum for Asia, which opened in China's Hainan province on Monday.

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