Following the results of intergovernmental negotiations held in Shanghai (China), a letter of intent was signed aimed at establishing fraternal relations between Almaty and Shanghai. This agreement marks a new stage in the development of friendly ties and cooperation between the two largest megacities with rich cultural traditions and significant economic potential.
The letter of intent was signed by Ambassador of the Republic of Kazakhstan to the people's Republic of China Shahrat Nuryshev and Shanghai Mayor Gong Zheng.
The document defines the main areas of joint activity, including Economy, Trade, Science and technology, education, culture, health care and tourism. The parties intend to carry out Exchange and cooperation in these areas, guided by the principles of equality and mutual benefit. In particular, it is planned to hold exhibitions, seminars, cultural and scientific events.
The establishment of fraternal relations between Almaty and Shanghai opens up new horizons for joint development in various fields, allows you to exchange best and best practices, as well as promote mutual investment and cultural exchange.
For reference: Shanghai is the financial center of China and the largest seaport in the world. The population of Shanghai is 24,870 thousand people, the GRP of the city in 2023 amounted to 4.7 trillion. Chinese yuan(661.8 billion. US). The leading sectors of the Shanghai economy are financial services, trade, logistics, manufacturing using high technologies.
Shanghai is the country's main port for domestic and international trade, with import/export value accounting for 20% of China's total. In September 2013, the first free trade experimental zone (FTA) in mainland China was established in Shanghai. Today, this FTA is equipped with world-class infrastructure and is home to a well-developed service sector that accounts for 1/4 of the city's GDP and about 40% of all Chinese Foreign Trade.

Source : https://www.gov.kz/memleket/entities/almaty/press/news/details/876815