The trade volume between Central Asian countries and China is expected to reach $100 billion by 2030, according to the Prime Minister of Kazakhstan, Alihan Smaiylov, speaking at the China International Import Expo (CIIE) in Shanghai.
Last year, the trade volume between China and Central Asia was $70 billion, with Kazakhstan accounting for 45% of it. Over the past ten years, China's total trade volume with countries along the Belt and Road Initiative reached $19.5 trillion, with a cumulative investment volume of $380 billion, as stated by Smaiylov.
The Prime Minister noted that Kazakhstan ranks among the world's top ten wheat and flour producers. Kazakhstan consistently exports oilseeds, grain, meat, and other products to China.
Kazakhstan plays a strategic role as a regional transport and logistics hub, connecting the Eurasian continent with the Asia-Pacific region, emphasized the Kazakh Prime Minister.
"Currently, about 85% of all overland transit shipments from China to Europe pass through Kazakhstan," Alihan Smaiylov emphasized.
The sixth China International Import Expo will take place in Shanghai from November 5 to 11. In 2022, representatives from over 130 countries participated in the event.
CentralasianLIGHT.org
November 6, 2023