China and Kazakhstan have vowed to enhance economic and trade cooperation, and explore more business opportunities to benefit enterprises of both sides, said Wang Jinzhen, Vice Chairman of China Council for the Promotion of International Trade (CCPIT).
Wang made the remarks as he was attending Kazakhstan Investment Conference and Business Match-Making held in Astana on July 4.
“For a long period of time, there has been frequent exchange of visits by high-ranking officials from the two countries. People-to-people exchanges are also quite popular. This year marks the 25th anniversary for China and Kazakhstan to establish diplomatic relations. The bilateral ties are at the best time in history. The two countries will continue to expand trade and investment, further optimize bilateral trade system and promote investment cooperation in agro-products processing, manufacturing and infrastructure construction. What is more, the two countries will explore business opportunities by favor of Kazakhstan as an economic hub along the ‘Belt and Road’ route. Last but not least, business associations and trade promotion agencies of the two countries will further collaborate to better serve enterprises of both sides,” added Wang.
General Director of the Kazakhstan Investment Cooperation Agency Aidyn Bayedilov noted, nearly 3,000 Chinese enterprises have invested in Kazakhstan up to now. The two countries have broad prospects for cooperation. There are unique investment opportunities in the farming areas in northern Kazakhstan and oil and gas area in the western part of the country. Bayedilov said Chinese enterprises are welcomed to focus on Kazakhstan’s 2025 development plan and visit the country to investigate its business opportunities.
Meanwhile, Kazakh Invest National Company is developing its special economic zones. Some favorable policies have been mapped out to reduce or exempt taxes on foreign investment in these special economic zones.
The investment conference and the business match-making were jointly hosted by CCPIT and the Kazakhstan Investment Cooperation Agency. Nearly 100 entrepreneurs from both countries and delegates of trade promotion agencies were in attendance.