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Kazakhstan exporters will help to enter the Chinese market

The prospects for the development of export potential to the people's Republic of China were discussed today in XI'an by Ruslan Iskakov, Chairman of the Board of EIC “KazakhExport” JSC and Su Go Feng, Deputy Chairman for the management of the international port zone of XI'an.

Support for exporters in China

For this purpose, KazakhExport opened representative office in China, the task of which will be to establish strong business contacts between Kazakhstan and Chinese businessmen.

 "KazakhExport representative office will help exporters to orient at the Chinese market - to look for those interested in the import of Kazakh products and provide support in the organization of import financing. Moreover, by the efforts of KazakhExport representative office, exporters will open doors to offices that are often closed when they are self-addressed, -”Ruslan Iskakov, Chairman of the Board of EIC “KazakhExport” JSC said.

"One belt, one road" strategy  

In May 2019, Askar Mamin, the Prime Minister of Kazakhstan, held negotiations with the Member of the standing Committee of the Politbureau of the Communist party of China, Deputy Prime Minister of the State Council of the People's Republic of China Han Zheng, during which the parties noted the need to increase the export potential of Kazakhstan products, strengthen the interaction of the two countries in developing transport and logistics competences, transit corridors, energy, industry, and agro-industrial complex.

According to the Ministry of national economy of Kazakhstan, trade turnover between Kazakhstan and China in January-December 2018 amounted to $11.7 billion, exports -to $6.3 billion.

Development of trade relations

The issues of strengthening Kazakhstan's export potential to the People's Republic of China formed the basis of the Memorandum of cooperation of EIC “KazakhExport” JSC with the Supply cooperation of agricultural products of the city of XI'an.

The document reflects the key issues of trade relations development, promotion of exports of goods, works and services produced in the Republic of Kazakhstan, as well as increasing bilateral trade.

Foreign representative offices of KazakhExport

Today, foreign representative offices of KazakhExport are opened in Kazan (the office works not only in Tatarstan, but also in Volga region as a whole), Dushanbe (Tajikistan) and Tashkent (Uzbekistan). In accordance with the development Strategy of KazakhExport until the end of 2019, it is planned to open networks of offices in the border regions of Russia, as well as in the countries of Central Asia.

 

For reference: The mission of KazakhExport Export Insurance Company JSC (member of Baiterek NMH JSC) is to support the growth of exports of non-commodity goods, works, and services in priority sectors of the economy and to develop the practice of financial insurance and non-financial support for Kazakhstan enterprise.