Kazakhstan ready to boost export to China by $1.6 billion

AKIPRESS.COM - Kazakhstan is ready to increase export of its products to China by $1.6 billion, Minister of Trade and Integration of the country Bakhyt Sultanov said at the meeting with vice mayor of the city of Wuhan in Hubei Province and vice mayor of Wuhan Xu Honglan, Sputnik Kazakhstan reports.
Sultanov said that the China is one of the key areas in foreign trade of Kazakhstan. The share of trade turnover with China is about 12% of the total trade of Kazakhstan.
Within 9 months of 2019, the Kazakh-Chinese trade amounted to $9.2 billion, which is 26.2% more than the same period of last year, when tit was $7.3 billion, according to him.
Export from Kazakhstan to China increased this year by 39% making $5.3 billion.
At the meetin with vice mayor of Wuhan city, Sultanov praised the work of the Wyhan Asia Europe Logistics company in Kazakhstan.
The company plays a significant role in increasing exports of Kazakh goods to China, he noted.
The Kazakh side also proposed to increase import of some Chinese goods.