Kazakhstan's Prime Minister Alikhan Smailov, during the China International Import Exhibition (CIIE) in Shanghai held on November 5-10, said the volume of trade between China and Central Asian nations is on course to reach $100bn by 2030, Silk Road Briefing reported.
The goal is partly set to be accomplished through an expansion of the range of products traded along with simplification of administrative procedures, he said.
Last year, trade between China and Central Asia amounted to $70bn, with 45% of that being attributed to Kazakhstan, said Smailov.
Smailov emphasised Kazakhstan's growing exports of oilseeds, grain and meat to China.
He also noted that approximately 85% of all land transit traffic from China to Europe currently passes through Kazakhstan.
Kazakhstan’s role as a regional transport and logistics hub for China-Europe trade has been growing amid global sanctions against Russia.
Related Articles
Chinese coffee delegation to tour Uganda amid soaring exports
A Chinese coffee industry delegation will visit Uganda later this month for a national origin tour, Uganda’s Ambassador to China, Oliver Wonekha, announced on May 3 during the 137th China Import ... more
US LNG sector rebuffs Trump’s attempts to levy tariffs on Chinese-built vessels
The US LNG sector is pushing back against President Donald Trump’s attempt to force the industry to utilise US transport vessels through levying tariffs on Chinese-built ships using US ... more
China’s CNOOC bypasses US and signs LNG deal with ADNOC amid escalating tariff war
State-run China National Offshore Oil Corporation (CNOOC) has come to agreement with Abu Dhabi National Oil Corp (ADNOC) to purchase LNG from the Gulf company, Reuters reported on April 21 ... more