ASTANA, Kazakhstan, October 17. The Chinese company YTO Express Co., Ltd. will build high-tech multimodal class A centers in a number of regions of Kazakhstan, said Chairman of the Board of the company Yu Huijiao during a meeting with President of Kazakhstan Kassym-Jomart Tokayev in Beijing, Trend reports.
"Such an infrastructure will ensure prompt processing of goods with access to the countries of the EU, EAEU, and Central Asia. The introduction of intelligent IT solutions will allow us to fully automate logistics processes and provide customs support for deliveries," he said.
In turn, Tokayev noted that such large marketplaces as Alibaba, Wildberries, OZON, and JDcom are already operating in Kazakhstan. By 2030, Kazakhstan plans to increase the share of e-commerce to 20 percent of the total trade market.
Tokayev was informed about the plans of one of the largest express delivery logistics operators in China to open a Central Asian head office in Kazakhstan and enter the Kazakh market. These agreements will be consolidated as part of the signing of a cooperation agreement between Kazpost JSC and YTO Express Group.
"We have great opportunities for mutually beneficial cooperation with your company within the framework of the Chinese "One Belt, One Road" initiative. Today, e-commerce is one of the fastest-growing sectors of the economy, generating about $7 trillion in global GDP. Kazakhstan pays special attention to the development of e-commerce," Tokayev noted.
YTO Express Co., Ltd. is a private logistics company (one of the top ten largest logistics companies in the country and one of the largest express delivery companies in China).
YTO Express specializes in courier delivery of letters, parcels, and parcels, including purchases from online stores, as well as the delivery of products from retail chains and ready-made food from restaurants. In addition, YTO Express manages warehouses and logistics parks, supply chains, procurement and sales, inventory, domestic and international transportation by road, rail, air, and sea, and provides import and export customs clearance services.