26.03.2024, 18:10 140286

Olzhas Bektenov meets with Chairman of XUAR People's Government of China Erkin Tuniyaz

Olzhas Bektenov meets with Chairman of XUAR People's Government of China Erkin Tuniyaz
Images | primeminister.kz
The Prime Minister of the Republic of Kazakhstan Olzhas Bektenov met with the Deputy Secretary of the Party Committee of the CPC XUAR China, Chairman of the People's Government of Xinjiang Uygur Autonomous Region of the People's Republic of China Erkin Tuniyaz, who arrived on a visit to Astana to participate in the second forum of exporters to participate in the second forum on "New approaches to the development of trade relations between Kazakhstan and China", primeminister.kz reports.

In the course of negotiations discussed issues of cooperation in trade, economic and investment spheres in the framework of the implementation of agreements reached at the level of heads of two states.

China is a major foreign trade partner of Kazakhstan. At the end of last year, bilateral trade turnover totalled $31.5 billion. China's Xinjiang Uygur Autonomous Region borders four Kazakh regions. Xinjiang Uygur Autonomous Region accounts for over 64% or $20.3bn of the total trade turnover with China.

The parties noted the strengthening of investment cooperation. The total inflow of investments from PRC since 2005 has reached almost $25 billion. For 9 months of last year the volume of direct Chinese investments increased by 37%. Today the list of 45 Kazakh-Chinese projects provides for a total investment of over $14.5bn.

An important direction of our interaction is the expansion of investment cooperation, supported by new joint industrial projects, including in the fields of petrochemicals and metallurgy," Olzhas Bektenov emphasised and noted the significant potential for diversification of trade relations.

During the talks, Olzhas Bektenov and Erkin Tuniyaz noted among the points of interaction transit-transport, cultural and interregional directions, as well as agriculture and tourism.

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