Kazakhstan intends to increase exports of finished products to China by 2.5 times

Published 2024년 5월 21일

Tridge summary

Kazakhstan's Minister of Trade and Integration, Arman Shakkaliev, has set a target for the country to reach $45 billion in exports of goods by 2029. This goal includes a 2.5-fold increase in exports of finished products to China, which currently stand at $5 billion, as well as increased supplies of high-margin goods to Middle Eastern countries and the European Union. The minister also mentioned the importance of enhancing trade turnover with the EAEU and Central Asian countries and is working on improving the necessary cross-border trade infrastructure.

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Original content

The Minister of Trade and Integration of the Republic of Kazakhstan, Arman Shakkaliev, said at a Government meeting that Kazakhstan intends to reach a target of 45 billion in exports of goods, a Kazinform agency correspondent reports. — To achieve the target of $45 billion by 2029, the following key areas for increasing exports have been identified. First of all, the focus is on China. Our goal is to increase exports of finished products by 2.5 times in the medium term and reach $12.5 billion (at the end of 2023, exports of non-commodity goods to China amounted to $5 billion). In-depth work will continue with the countries of the EAEU and Central Asia to increase trade turnover, and the necessary cross-border trade infrastructure is being created,” said Arman Shakkaliev. The minister also noted that an increase in supplies of high-margin ...

Source: Inform