Kazakhstan

Kazakhstan and China’s Bilateral Trade Surpasses $40 Billion

The economic partnership between Kazakhstan and China continues to strengthen, with bilateral trade reaching $43.8 billion in 2024, marking a 9% increase from the previous year. This positive development was reported by the press service of the Kazakh Prime Minister on January 27.

During a meeting between Kazakh Prime Minister Olzhas Bektenov and Chinese Ambassador Han Chunlin, there was a focus on diversifying exports, particularly by increasing the shipment of Kazakh grain to China. Bektenov also emphasized the importance of integrating more Kazakh companies into China’s registry of exporters.

China stands as one of Kazakhstan’s top five investment partners, with 62 joint projects worth $8.7 billion already completed, leading to the creation of 11,000 jobs. Additionally, 55 projects worth $13.5 billion are currently under development, with plans for 222 projects exceeding $60.5 billion.

In the transport sector, cargo volumes between the two countries saw a significant 13% increase in the first 11 months of 2024, totaling 29.3 million tons. Both nations have expressed their intention to enhance border checkpoints and expand cross-border shipping to meet the rising demands.

The meeting between officials also reiterated a mutual commitment to furthering ties in various sectors such as agriculture, energy, tourism, and cultural exchange. This ongoing collaboration is expected to bring about more opportunities and benefits for both Kazakhstan and China in the future.

 

Hostinger

Pools Plus Cyprus

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