(gazeta.kz) - The volume of bilateral trade between China and Kazakhstan by the end of 2006 will reach $8 billion. Nursultan Nazarbayev, President of Kazakhstan, made such statement at a meeting with representatives of political scientific circles of China, during his state visit, Kazakhstan Today reports citing the presidential press service.
"The volume of bilateral trade in brief terms grew several times and by the end of the current year it is likely to reach $8 billion. In the near future we will surpass $10 billion, and after that we aim at reaching $15 billion level in 2015," - he said. According to the head of state, presently the relationship between the two states enters "a qualitatively new phase of the business partnership, characterised by passing over to big projects, reports Trend.
In particular, construction of the oil pipeline Atasu-Alashankou has been completed, the second phase of Kumkol-Atasu pipeline is on the agenda. A process of creating an international transboundary co-operation centre "Horgos" is underway and it will catalyse activities in the region and help develop the processing industry. Opportunities for building a gas pipeline from Kazakhstan to China are studied as well," - Mr. Nazarbayev said.
Besides, the President of RK reminded that currently Kazakhstan was paying attention to industrial sectors of the economy unrelated with oil & gas. In particular, high technologies and innovations are enhanced. "In relation with this we invite the Chinese business to invest into our technology parks and IT-zones, the high VAT production," - he stated.