Сooperation between Kazakhstan and China in industrialization and investments discussed in Astana
The 21st meeting of the Kazakh-Chinese Coordinating Committee for Cooperation in Industrialization and Investment was held, El.kz cites MFA.
The meeting was co-chaired by Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Kuantyrov and Deputy Chairman of the State Committee for Development and Reforms of the People's Republic of China Zhao Chenxin. On behalf of the Kazakh side, the meeting was also attended by the Deputy Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, Sultan Kinzhakulov, Deputy Chairman of the Board of JSC “NC “Kazakh Invest” Madiyar Sultanbek, and others.
During the event, the parties discussed the work done following the committee's 20th meeting and the implementation of priority projects. The meeting participants also considered proposals to change the List of priority projects, further industrialization, and increase the effectiveness of cooperation for 2025.
Speaking with a welcoming speech, A. Kuantyrov noted that Kazakh-Chinese relations have reached an unprecedented new level, as evidenced by mutual visits of heads of state, including the historic visit of Chinese President Xi Jinping to Kazakhstan in July this year within the framework of the SCO Summit. The level of these visits demonstrates the strategic and comprehensive nature of the interaction between the two countries.
“It is worth noting that during the meeting in Astana in July of this year, the heads of our states stressed the need to expand the List of priority industrial and investment cooperation projects. Thus, the Mechanism of dialogue on industrial and investment cooperation initiated 10 years ago continues to play a special role in the new stage of the “golden 30th anniversary” of Kazakh-Chinese relations,” – said the Deputy Minister.
In this regard, A. Kuantyrov stressed the importance of Kazakh-Chinese investment cooperation.
“China occupies one of the leading positions in gross direct investment in the Kazakh economy. Over the past year and a half alone, several major investment events have been held between our countries, within which 117 commercial documents worth more than 42 billion US dollars have been signed. Today, we are implementing 100 joint investment projects, including 45 projects worth over 14.5 billion US dollars, which, according to the results of the 20th meeting, are included in the List of priority projects. We are witnessing a positive trend in the development of cooperation. Nevertheless, there is significant potential in expanding bilateral cooperation,” – noted the Deputy Minister.
Thus, during the meeting, the parties considered creating joint projects in the fields of energy, infrastructure, agriculture, manufacturing, deep processing, finance, transport, aerospace, and IT. Following the meeting, the parties agreed to continue working to improve industrial and investment cooperation and the quality of the study of investment projects included in the joint List.
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