Arman Shakkaliyev and Wang Wentao discussed ways to double trade turnover between Kazakhstan and China by 2030

Arman Shakkaliyev and Wang Wentao discussed ways to double trade turnover between Kazakhstan and China by 2030

21.08.2025 12:26:51 237
 
On August 20 this year, a meeting was held in Beijing between the Minister of Trade and Integration of the Republic of Kazakhstan Arman Shakkaliyev and the Minister of Commerce of the People's Republic of China Wang Wentao.

The talks were held in the spirit of friendly and meaningful dialogue and were aimed at implementing the agreements reached by the President of Kazakhstan Kassym-Jomart Tokayev and the Chairman of the People's Republic of China Xi Jinping at the Second Central Asia-China Summit. The ministers confirmed the high level of comprehensive strategic cooperation based on the special relations of the leaders of the states.

It is the trust and personal contacts of Kassym-Jomart Tokayev and Xi Jinping that serve as the driving force for further strengthening of the "eternal comprehensive strategic partnership" and give new impetus to deepening trade and economic ties.

Wang Wentao emphasized that the dynamics of trade indicate a steady growth: in 2024, trade turnover reached 43.8 billion US dollars, which is 9.2% higher than the previous year, and for the first half of 2025 it amounted to 21.8 billion dollars. These figures confirm the feasibility of the set task - to double mutual trade turnover by 2030.

Arman Shakkaliyev noted that in order to achieve this goal, the Joint Action Plan and the Roadmap for the Development of Border Trade are being implemented within the framework of the One Belt - One Road initiative. This will significantly strengthen both the transit potential of Kazakhstan and give a new impetus to the interconnectedness of the economies of the two countries.

A separate block of negotiations was devoted to the promotion of Kazakhstan's non-resource exports and products with high added value. Arman Shakkaliyev declared his readiness to focus on developing processing and creating goods with high added value with subsequent export to China on the principle of "invest and sell".

The parties also paid attention to the issues of digitalization of customs procedures, development of e-commerce and joint work to remove barriers within the WTO. Kazakhstan proposed further expansion of national pavilions of the Republic of Kazakhstan on the largest Chinese online platforms, emphasizing the success in implementing the memorandum of cooperation in the field of e-commerce signed between the Ministry of Trade and Integration of the Republic of Kazakhstan and the Ministry of Commerce of the People's Republic of China within the framework of the second Central Asia - China Summit. Thanks to this agreement, e-commerce with China has reached a new level, the desire of both parties to expand mutually beneficial partnership has been consolidated and favorable conditions have been created in the field of logistics, investment and exchange of experience in e-commerce.

The prospects for attracting Chinese investment in the real sector of the economy of Kazakhstan were also discussed. The Kazakh side proposed to consider the issue of reducing import duties to China on Kazakh goods, and also emphasized the advisability of creating projects for deep processing of raw materials in the territory of Kazakhstan with the participation of Chinese capital.

Particular emphasis was placed on the regionalization of cooperation, which was supported by the Chinese side. Thus, since the beginning of 2024, Kazakhstan has conducted 6 trade missions to Nanjing, Chengdu, Urumqi, Xi'an, Chongqing and Guangzhou, establishing close contacts with businesses and administrations of the provinces of Jiangsu, Sichuan, Hunan, Shandong, Shaanxi and Guangdong. The Minister of Commerce of the PRC supported this approach and proposed to continue regionalization in the future.

The Minister of Trade of the Republic of Kazakhstan Arman Shakkaliyev announced plans to expand the network of trade missions of Kazakhstan in other key regions of China. An important part of the agenda was Kazakhstan's participation in the largest Chinese exhibitions - CIIE in Shanghai, CIFTIS in Beijing and "EXPO China - Eurasia" in Urumqi, which provide unique opportunities for promoting domestic products and establishing direct B2B contacts. Wang Wentao expressed interest in the participation of Chinese companies in trade and investment events in Kazakhstan.

The meeting in Beijing became an important milestone in the development of Kazakh-Chinese relations, defining new priorities for further expansion of mutually beneficial cooperation.

Source : https://www.gov.kz/memleket/entities/mti/press/news/details/1054549?lang=kk