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Kazakh-Chinese trade turnover exceeds $22 bln

12 September 2014 15:53 (UTC+04:00)
Kazakh-Chinese trade turnover exceeds $22 bln

By Aynur Jafarova

The trade turnover between Kazakhstan and China reached $22.5 billion in 2013, and this figure is 4 percent more compared to 2013, Managing Director of Kaznex Invest Askar Arynov said.

"According to our analysis, in 2013 the trade turnover between the two countries amounted to $22.5 billion, increasing by 4 percent compared to 2012," he told journalists.

He noted exports from Kazakhstan increased by 0.7 percent and amounted to $14.3 billion.

"Our task is to increase the share of processed products. Following the exhibition held in Urumqi contracts worth over $500,000 were concluded to supply pasta, cheese and dairy products from Kazakhstan to the Chinese market," Arynov added.

The Chinese - Kazakh relations have enjoyed rapid development since the establishment of diplomatic relations. China is the largest trading partner of Kazakhstan and Kazakhstan is China's second largest trading partner in the CIS region after Russia.

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