Kazakh exporters of flour and vegetable oil will be helped to enter the Chinese market

Within the framework of the new jointly implemented Export to China project, on December 12, 2022, Nuraly Bukeikhanov, General Director of the «QazTrade» Trade Policy Development Center» JSC, and Vice President of one of the world's leading e-commerce platforms Alibaba.com Andrew Zheng signed a memorandum of understanding. The parties secured the document with signatures online at the forum «Global Digital Trade Expo» (Global Digital Trade Expo). During the signing ceremony, Vice Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebayev addressed the participants with a welcoming speech. The attache of the Embassy of the Republic of Kazakhstan in China Uahap Kabiguzhen also took part in the event.

The main purpose of the memorandum is cooperation in the implementation of the Export to China project, aimed at assisting suppliers in exporting Kazakh products to China.

Within the framework of the project, purchases of Kazakhstani goods for export to China are organized. Domestic products will be purchased directly for further distribution through Alibaba Group channels. Participation in the project will provide an opportunity for long-term cooperation with Alibaba Group as a direct supplier, exporters will gain access to the Chinese market through Alibaba Group channels and will be able to increase export sales in China.

At the first stage of the project, packaged flour and vegetable oil will be purchased, followed by other goods produced in Kazakhstan.

Reference:

JSC «Center for the Development of Trade Policy «QazTrade» — provides measures of state support to exporters to reimburse part of the costs, small and medium-sized businesses in the field of sales of Kazakhstan's non-primary products, contributes to increasing the export potential of Kazakhstan. The sole shareholder of JSC «QazTrade» is the Ministry of Trade and Integration of the Republic of Kazakhstan.