Kazakhstan and China indicated high level of bilateral cooperation and discussed plans on expanding partnership between countries, as per the Ministry of Industry & Infrastructural Development of Kazakhstan.
The statements were made at the meeting of the Minister of Industry and Infrastructural Development of Kazakhstan Roman Sklyar and Representatives of Chinese China Railway Capital Co company, held on July 22 in Nur-Sultan, Kazakhstan.
Sklyar stated that the second place in the structure of foreign trade of Kazakhstan accounts for China.
“As of the end of 2018, the foreign trade of Kazakhstan with China increased by 11.1 percent and amounted to $11.7 billion,” said Sklyar.
In 2013, the Belt & Road Initiative (BRI) was announced in Nur-Sultan then called Astana. BRI is a global development strategy adopted by the Chinese Government involving infrastructure development and investments with 152 Countries already signed up to the initiative and international organisations in Asia, Europe, Africa, the Middle East and South Americas.