Kazakhstan may soon be able to export its products to countries in the Asia-Pacific countries via China’s Qingdao port, QazMonitor reports citing Kazakh Invest.
Director of the Department of the Qingdao Committee for the Promotion of International Cooperation He Xiaoyan, in a meeting in Astana on November 4, expressed interest in establishing a mutually beneficial investment and economic cooperation.
Qingdao is one of the world’s busiest ports located on the coast of the Yellow Sea. According to Xu Xiang, Director of the Administrative Department of Qingdao Port International Container Development, it is the world's fourth-largest port by cargo volume.
In his speech, Xu Xiang proposed the possibility of exporting Kazakh products through Qingdao port to the Asia-Pacific region.
Several logistics, financial and industrial companies in Qingdao have voiced their interests in cooperation and joint projects, including building transport and logistics facilities on the Kazakh-Chinese border.
"The diversification of trade routes is a priority for us. This includes the development of the Trans-Caspian international transport route to link the largest markets in Eurasia - China and the European Union," said Zhandos Temirgali, Deputy Chairman of the Board of Kazakh Invest.
Temirgali emphasized the efforts of Kazakhstan and China to cultivate good neighborly relations through partnerships in various fields.
On November 15, Kazakh and Chinese businesses will participate in an online seminar aimed at strengthening economic and trade, and investment cooperation between the two countries under the "One Belt, One Road" initiative.