The forum started with a video address by the leaders of the two countries - President Nursultan Nazarbayev of the Republic of Kazakhstan and President Xi Jinping of the PRC.

In the business forum, Minister of Investments and Development of the Republic of Kazakhstan Zhenis Kasymbek, Vice Minister of Commerce of the People's Republic of China Zhen Hongbin, heads of national companies, foreign trade chambers and large business representatives of the two countries gave presentations. In order to develop the Eurasian transport corridor and create favorable conditions for transportation, the "Light Road" new economic policy and the "Silk Road Economic Belt" cooperation plan were signed.

Implementation of this plan will fully utilize the advantages of the geographical location of our countries, reconstruct old and new highways and railways, create a modern network of international logistics centers and hubs in the territory from China to the EU, and increase trade.

"In 5 years, we will use a number of large infrastructure projects, such as the "Kazakhstan-Turkmenistan-Iran" railway corridor with a total length of 900 kilometers connecting the port of Lianyungang, the Khorgas dry port on the Chinese border, the Aktau port on the Caspian Sea, the countries of Central Asia with the Persian Gulf and the port of Bender Abbas in the south of Iran, and the international transit corridor "Western Europe - Western China", a part of which passes through the territory of Kazakhstan. we gave," said Minister Zhenis Kasymbek.

Besides, the implementation of joint Kazakhstan-China projects within the framework of cooperation in the field of industrialization and investments is being actively implemented. Its total cost is 27 billion. Included are 51 projects exceeding USD. 20,000 permanent jobs will be created through the implementation of these projects.

The Minister of Investments and Development of the Republic of Kazakhstan also spoke about the successfully implemented joint projects.

"In 2017, the world's largest logistics company "COSCO Shipping" bought a 49% share of the "Dry Port" in the "Khorgas East Gate" SEZ to develop the transit potential of Kazakhstan. The project of production of JAC cars was implemented in Kostanay region, the production of polypropylene powder in Pavlodar region, as well as the production of rapeseed oil in North Kazakhstan region were successfully implemented," said the minister.

Currently, China is one of the leaders in direct foreign investment in Kazakhstan's economy. In the last 10 years, the neighboring state allocated 15 billion to investment projects. More than US dollars have been invested. Chinese companies are actively involved in the country's industry and the implementation of large investment projects.

Foreign trade turnover between Kazakhstan and China in 2017 exceeded 30% and amounted to 10.5 billion. amounted to US dollars. It should be noted that the idea of ​​developing the "One Belt One Road" Great Silk Road was first proposed by the President of the People's Republic of China Xi Jinping in Astana.

In addition, within the framework of the business forum, specific investment cooperation issues between Kazakhstan and the People's Republic of China were discussed and a number of bilateral meetings were organized.

Source : https://www.gov.kz/memleket/entities/mps/press/news/details/23462?lang=kk