Kazakhstan will supply agricultural products worth $75.2 million to Sichuan

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Published Mar 27, 2024

Tridge summary

Kazakh businessmen have secured contracts worth $75.2 million to supply agricultural products to Chengdu, China, involving companies like Kostanay Flour Milling Company LLP and Khleb SNAB LLP. This is part of a growing trade relationship with China, highlighted by a 12.6% increase in Kazakh exports to China, totaling $14.7 billion. The agreements, including memorandums with QazTrade LLP and major Chinese firms, aim to boost the total trade turnover to $40 billion, showcasing Kazakhstan's readiness to expand its industrial and agricultural exports to the Chinese market.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Kazakh businessmen, during a trade and economic mission to the Chinese city of Chengdu (Sichuan Province), entered into contracts for the supply of agricultural products totaling $75.2 million. This was reported by the press service of the Ministry of Trade and Integration of the Republic of Kazakhstan. As specified, agreements have been concluded on the supply of agricultural goods between Kostanay Flour Milling Company LLP and Pan Asia Forward Sichuan International Trading, Khleb SNAB LLP and Pan Asia Forward Sichuan International Trading. Memorandums of cooperation were signed between QazTrade LLP and the Sichuan Cooperative Supply and Marketing System of China Co-op Group, as well as the Pan-Asian Investment and Development Group of Sichuan Province. It is noted that the Chinese province of Sichuan annually imports goods worth about $41 billion: mainly rapeseed, sunflower and safflower oils, cakes, water, dairy products, and meat products. As noted by the head of MIT Arman ...

Source: Agrosektor