Kazakhstan Chamber of Commerce in the USA

KazCham



Central Asia: China’s New Silk Road project 0

Posted on January 19, 2015 by KazCham

Presently, almost 90% of the global container trade still goes by ocean, and that’s what China intends to change. Its embryonic, still relatively slow New Silk Road represents its first breakthrough in what is bound to be an overland trans-continental container trade revolution.

Already the Chinese leadership has green-lighted a $40 billion infrastructure fund, overseen by the China Development Bank, to build roads, high-speed rail lines, and energy pipelines in assorted Chinese provinces. The fund will sooner or later expand to cover projects in South Asia, Southeast Asia, the Middle East, and parts of Europe. But Central Asia is the key immediate target.

Kazakhstan plans to become a key transit country in Central Asia in the way of Chinese goods to Europe. Advances in building transit is already there: the volume of container traffic from China to the EU via Kazakhstan grew in 2014 compared to 2012 for 4,5 times.

As per the program “The Bright Way” there will be investments into the following areas:

  1. Building or rent terminals in dry and sea ports of China, Russia and Iran;
  2. Construction and upgrading of roads.

Kazakhstan Eyes Double-Threat From Europe and China 0

Posted on December 18, 2011 by Alex

Erin McCarthy, Dow Jones Newswires, December 7, 2011

NEW YORK (Dow Jones)–A deterioration in the euro-zone sovereign debt crisis combined with slowing growth in China could generate more serious headwinds for Kazakhstan’s economy, though the country is prepared to deal with any adverse effects, the country’s minister of economic integration affairs said Wednesday.

Kazakhstan’s central Asian location places it at a key intersection among China, Russia and Europe. The European Union is a major trading partner and top export destination for the oil-rich country, said Zhanar Aitzhanova, economic integration affairs minister, in an interview with Dow Jones Newswires. Meanwhile, China consumes much of Kazakhstan’s raw materials and mineral resources, making the world’s second largest economy a key engine for Kazakhstan’s growth.

As Europe’s debt crisis escalates and pressure increases on the region’s policymakers to develop stopgap measures for contagion risks, Kazakhstan is looking at growth in China as another key risk.

“We earn our hard currency in European markets, and of course this is going to have an effect. But I think that this is going to have more adverse efforts if China’s growth will slow down,” Aitzhanova said. Any “combination of these two factors will very much be influencing our economic growth.”

Kazakhstan’s gross domestic product grew 7% in 2010, according to the country’s national bank.

“Globalization went so far that nobody could say now that if there’s turmoil [or] instability in the European Union member states or in the United States that we are protected,” she said.

Still, the country is better prepared to deal with any negative spillover from Europe and further financial crisis, she said. Kazakhstan’s international foreign exchange reserves and its “safety pillar” national oil fund together total about $75 billion, equalling about 50% of its gross domestic product in absolute terms, she added.

In addition, Kazakhstan’s larger internal market could also help offset a decrease in external demand. Kazakhstan participates in a customs union with Russia and Belarus, which expands its consumer base from the country’s 16.5 million people to a combined market of 170 million consumers, the minister added.

-By Erin McCarthy, Dow Jones Newswires;             212-416-2712  ;erin.mccarthy@dowjones.com

 

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=809&cntnt01origid=90&cntnt01category_id=6&cntnt01returnid=90

 

China-Kazakhstan free-trade center set to open 0

Posted on December 09, 2011 by Alex

Zhao Shengnan, China Daily, Dec 3, 2011

YINING, Xinjiang -A planned China-Kazakhstan free-trade center along the border of the two countries will provide cross-border trade tariff exemptions for Chinese companies and allow for duty-free purchases for visitors, according to Chinese officials.

Vice-Premier Zhang Dejiang and his Kazakh counterpart Aset Isekeshev on Friday attended a launching ceremony for the Horgos International Border Cooperation Center, which is located near the village of Horgos in Xinjiang and is the first transnational free-trade cooperation center in central Asia.

The two officials also witnessed the connection of a railway linking the two countries.

The Chinese vice-premier said the center, which is expected to be completed in two years, will bring new opportunities to China and Kazakhstan.

Under an agreement signed between the two governments in September 2004, the center is to be a “free port” that will focus on trade and investment opportunities in industries including processing, manufacturing, trade, merchandise procurement, finance, tourism and entertainment.

The center, which rests on the China-Kazakhstan border and covers 3.43 square kilometers of land on the Chinese side and 1.85 sq km on the Kazakh side, will be a part of Horgos Port.

The commercial hub handled 3 million tons of cargo and received 550,000 inbound and outbound tourists in 2010.

According to Yang Jihong, a senior official of Horgos Port, upon its completion, Chinese companies will be exempt from cross-border trade tariffs and individuals visiting the center will be allowed to purchase up to 8,000 yuan ($1,237) in duty-free goods a day. In addition, visitors staying up to 30 days will be allowed visa-free entry into the center.

He added that a total of 880 million yuan has been spent so far on infrastructure construction on the Chinese side of the center.

Tuuerxun Yeermanhan, a 25-year-old Chinese merchant of Kazakh ethnicity, said he is considering purchasing stall space in the new center.

“The price will probably be high, but the opportunities far outweigh the cost,” he said.

Chinese Ambassador to Kazakhstan Zhou Li said the development of the center will definitely increase bilateral trade.

Thanks to the center and the improved railways, Horgos can be the hub and gateway connecting landlocked Kazakhstan to overseas markets, he said.

Favorable policies, such as those that brought about the center, will not only boost cross-border trade, but also diversify and deepen bilateral cooperation in the long run, said Zhang Yao, an expert on Central Asian studies from the Shanghai Institute for International Studies.

“In addition to the cross-border trade of daily commodities, both countries are seeking comprehensive cooperation in sectors including high-tech, energy and transportation,” he said.

China has been Kazakhstan’s second-largest trade partner since 2009 and its biggest export destination since 2010. Trade volume between the two countries increased from $1.29 billion in 2001 to $20.4 billion in 2010.

Qin Jize in Beijing contributed to this story.

China Daily

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=807&cntnt01origid=15&cntnt01returnid=201

Chinese vice premier to witness launch of China-Kazakhstan trans-border trade center 0

Posted on December 02, 2011 by Alex

BEIJING, Nov. 28 (Xinhua) — Vice Premier Zhang Dejiang will this coming Friday attend the launching ceremony of a trans-national free trade center on the border of China and Kazakhstan in Horgos of northwest China’s Xinjiang Uygur Autonomous Region.

Foreign Ministry spokesman Hong Lei made the announcement Monday afternoon.

Besides the China-Kazakhstan Horgos International Border Cooperation Center, the event will also celebrate the joining together of a China-Kazakhstan railway, according to Hong.

The trade center, spanning the China-Kazakhstan border river near the village of Horgos, covers 3.43 square km of land on the Chinese side and 1.85 square km on the Kazakh side.

Under an agreement signed between China and Kazakhstan in September 2004, the Horgos center will be developed into a “free port” with free trade and investment opportunities. The center will also serve functions related to processing, manufacturing, trade, merchandise procurement, financial services, tourism and entertainment.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=804&cntnt01origid=15&cntnt01returnid=201

Chinese company interested in coal-chemical production in Kazakhstan 0

Posted on November 04, 2011 by Alex

E. Kosolapova, Trend, 28 Oct, 2011

China’s largest energy corporation China Qinghua Group is interested in creating coal-chemical technology transfer production in Kazakhstan, Kazakh National Agency for Export and Investment KAZNEX INVEST reported.

China and Kazakhstan agreed to establish export-oriented enterprises in Kazakhstan during the visit of the Kazakh delegation headed by Deputy Minister of Industry and Trade Bahytzhan Jaxaliev to China Qinghua Group’s affiliated enterprise.

“Kazakhstan produces almost 78 percent of electricity based on coal combustion,” Jaxaliev said. “Thus, development of rational and ecologically clean coal combustion technology is one of the primary tasks for the national energy.”

China Qinghua Group specializes in processing coal deep and producing slabs and fertilizers.

KAZNEX INVEST is one of Kazakhstan’s national development institutions designed to promote diversification of the national economy by creating more favorable conditions for development and advancement of Kazakhstan’s non-commodity exports and foreign direct investment in priority sectors of the economy.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=786&cntnt01origid=15&cntnt01returnid=201

Development of cooperation between Kazakhstan and China 0

Posted on September 13, 2011 by Alex

Caspionet, Sept 12, 2011

During Kazakhstan Foreign Minister Yerzhan Kazykhanov’s visit to China, the two countries noted that Kazakhstan-China relations reached a level of comprehensive strategic partnership. Attendees of the meeting in Beijing discussed issues of economic and political character. At the meeting with the Kazakhstan Foreign Minister, the vice president of China Xi Jinping said that China highly evaluates the economic achievements of China. Next year the two countries will celebrate the 20th anniversary of diplomatic relations and this anniversary will be celebrated widely. Foreign Ministers agreed to strengthen the cooperation of non-primary sectors of the economy.

Yang Jiechi, Foreign Minister of China:

“Our countries are going to continue their cooperation in power energy and oil and gas sectors. Medicine, science, technologies, agriculture and transportation are also very important areas of cooperation.”

Speaking at the China Institute of International Studies, Yerzhan Kazykhanov said that relations between Kazakhstan and China are based on the principles of equity and mutual profit. The turnover and the number of joint investments are increasing.

Yerzhan Kazykhanov, Kazakh Foreign Minister:

“The speed of the implementation of such infrastructural projects as oil and gas pipe lines, and the Western Europe-Western China transport corridors really amaze. The Khorgos International Centre of Frontier Cooperation as well as Dostyk-Alashankou and Altynkol Khorgos car and railway crossings are impressive as well. The creation of these facilities will give new impetus to the Kazakhstan-China turnover. It will also result in the expansion of Chinese exports through the territory of Kazakhstan to Europe, Central Asia, the Caucasuses, the Middle East and the Persian Gulf.”

Relations between Kazakhstan and China are developing dynamically. Countries are actively cooperating in the transportation, education and trade areas. Kazakhstan’s statistics showed that last year the mutual turnover exceeded 14 billion US dollars. It is assumed that within the next 4 years it will reach 20 billion US dollars. Currently, Kazakhstan’s diplomats are working on the simplification of acquiring drivers’ visa to China. Next year China will send a corresponding note to the Kazakhstan consulate. The foreign minister’s two-year working trip to China showed the readiness of Kazakhstan and China to develop bilateral relations actively.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=776&cntnt01origid=15&cntnt01returnid=201

Kazakh FM to visit China in September 0

Posted on September 06, 2011 by Alex

Trend, September 1, 2011

Kazakh Foreign Minister Yerzhan Kazykhanov will pay an official visit to China on September 7-9 at the invitation of the Chinese side, Xinhua agency reported with reference to a representative of the Chinese Foreign Ministry Ma Zhaohu.

Kazykhanov will discuss the issues of bilateral cooperation with Chinese Foreign Minister Yang Jiechi in Beijing.

There is a positive trend of stable development of Chinese-Kazakh relations over the last 20 years.

According to the experts, the basis of Chinese-Kazakh cooperation is power engineering.

The second line of the Kazakhstan-China oil pipeline and the Kazakhstan-China gas pipeline is under construction. The latter is a part of the Central Asia gas pipeline construction project. It is a specialized system for transporting natural gas from Turkmenistan through Uzbekistan and Kazakhstan to China.

The spectrum of bilateral relations includes transportation projects – the reconstruction of roads on the route Western Europe – Western China; humanitarian projects – training of Kazakh students in China and trade.

The mutual trade turnover between Kazakhstan and China amounted to $20 billion 400 million in 2010. It increased by more than 50 times compared to the initial period after the diplomatic relations were established.

China and Kazakhstan cooperate in such international organizations as UN, SCO and other organizations.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=771&cntnt01origid=15&cntnt01returnid=201



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