Kazakhstan's export potential to China is estimated at $808 million

On April 27, the Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov held online talks with the Minister of Commerce of the People's Republic of China Wang Wentao on the development of trade and economic cooperation between the countries.
The parties considered the possibility of creating trading houses in the territories of the two countries, with further supervision by the state bodies of the Republic of Kazakhstan and the People's Republic of China, which will create more favorable conditions for the development of bilateral trade between the countries.

At the moment, within the framework of the National Project for the Development of Trade until 2025, it is planned to open a number of trading houses of Kazakhstan abroad from 2022. In this regard, we are ready to consider the issue of opening a trading house in China as a priority, " the head of the Ministry of Trade of Kazakhstan said.

In addition, in order to expand cooperation between our business circles, Bakhyt Sultanov expressed his wish for China's assistance in registering the foreign representative office of the national company JSC "KazakhExport" in Beijing.

Also, in order to establish close relations between the two countries and promote the products of the two countries, the parties expressed interest in organizing and holding B2B meetings in an online format.

Today, Kazakhstan has the potential to increase exports to China. The total theoretical potential of the Republic of Kazakhstan in the PRC is estimated at about $808 million for 60 commodity items in such industries as metallurgy, food industry, petrochemicals and chemicals, mechanical engineering and construction goods.

At the same time, Kazakhstan's intention to participate in the 4th China International Import Exhibition this year with the involvement of export-oriented companies was noted.

Press service of the MTI RK