Kazakh business signed contracts for the supply of food products to China for $22.8 million

Published 2024년 7월 3일

Tridge summary

A trade mission led by QazTrade JSC, in collaboration with over 40 Kazakh producers of food products, was held in Urumqi from June 27 to 30, aiming to strengthen Kazakhstan's economic ties with China. This event is part of Kazakhstan's strategy to enhance trade relations with a major global investor and economy. The trade mission has led to the signing of export contracts worth $22.8 million, covering fat and oil products, confectionery, and other food items, following significant growth in bilateral trade in 2023.

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Original content

A trade and economic mission was held in Urumqi from June 27 to 30. The event, organized by QazTrade JSC, was attended by more than 40 Kazakh producers of food products, including oil and fat and meat products, pasta and confectionery, ice cream, honey and others. This was reported by the press service of the Ministry of Trade and Integration of the Republic of Kazakhstan. As Vice Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebaev emphasized, interaction with China, one of the largest investors and leading economies in the world, is an important factor for sustainable progress for Kazakhstan. According to the trade department, in 2023 trade turnover between the countries increased by 30% and amounted to $31.5 billion. Exports from Kazakhstan to China increased by 10%, reaching $14.7 billion. As noted, Chinese companies have shown high interest in ...

Source: Agrosektor