Kazakhstan has accepted an offer from China to create joint ventures to increase exports to Southeast Asian countries. “All the markets are opening today, especially the large Chinese market. The Chinese Government proposed to ship our products through China to Southeast Asia by creating joint ventures with Chinese partners.” said Kazakh Prime Minister Bakytzhan Sagintayev at the recent Atameken National Chamber of Entrepreneurs’ meeting.
China is a key Kazakh trading partner. Currently, Kazakhstan and China are implementing 51 joint projects worth $28 billion in industry, transport and logistics. China, in cooperation with other financial institutions, has also provided more than $50 billion for construction in Kazakhstan. China has invested over $43 billion in total in Kazakhstan, making China the fourth largest foreign investor in Kazakhstan. China and Kazakhstan are also among the countries cooperating economically, politically and culturally in the “Belt and Road” framework.
7th December 2018
(Source: the Astana Times)