Kazakhstan and China Aim to Increase Bilateral Trade to $40 Billion – inform.kz/en

Kazakhstan and China are two countries that have a long history of cooperation and mutual benefit. Recently, the two countries have announced plans to increase their bilateral trade to $40 billion by 2023. This is an ambitious goal, but one that both countries are confident they can achieve.

Kazakhstan and China have a strong relationship that dates back centuries. In recent years, the two countries have increased their cooperation in various areas, including trade. In 2018, the two countries signed a memorandum of understanding to increase their bilateral trade to $40 billion by 2023.

The two countries have already taken steps to increase their bilateral trade. In 2019, the two countries signed a free trade agreement that will reduce tariffs on goods traded between them. This agreement is expected to significantly increase the amount of goods traded between the two countries. Additionally, the two countries have also agreed to cooperate on infrastructure projects, such as the construction of a new railway line connecting Kazakhstan and China.

Kazakhstan and China are confident that they can reach their goal of $40 billion in bilateral trade by 2023. To achieve this goal, both countries are focusing on increasing their exports to each other. Kazakhstan is particularly interested in exporting agricultural products, such as wheat and cotton, to China. Meanwhile, China is looking to export more high-tech products, such as electronics and machinery, to Kazakhstan.

The increased bilateral trade between Kazakhstan and China is expected to bring numerous benefits to both countries. For Kazakhstan, increased trade with China will help diversify its economy and create more jobs. For China, increased trade with Kazakhstan will provide access to new markets and resources.

Kazakhstan and China’s ambitious goal of increasing their bilateral trade to $40 billion by 2023 is an exciting development for both countries. If successful, this goal could bring numerous benefits to both countries and help strengthen their relationship even further.

Source: news.google.com

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