NEWS

According to the Kazakh Trade Ministry, The UzQazTrade foreign trade company was founded by QazTrade trade policy development centre and UzTrade JSC to boost mutual trade turnover between the countries. QazTrade director general Nuraly Bukeikhanov said that Kazakhstani companies will increase the amount of goods delivered to both markets due to the development of a joint company. Generation of proposals on lifting restrictions and barriers in mutual trade will be also contributed to. Purchase of fruit and vegetable products from Uzbekistan to meet the domestic need is the first thing planned. The selling of Kazakhstani flour goods in the territory of Uzbekistan with an opportunity for further exports to Afghanistan is expected to get the company’s help. Granting preferences on supply chain costs are agreed on by Kazakhstan and Uzbekistan. Also, the efficiency of state measures to reduce Kazakhstan’s dependence on imports from the third countries will be contributed to by the project. A 29.8% growth was reached by the sales between the two nations in 2022 ($5 billion dollars). In 2021 this amount equaled to $3.8 billion dollars. The rise of ore, wheat, sunflower oil and meat exports made Kazakhstan’s total exports grow up by 33% ($3.7 billion dollars). A 21.4% increase was shown by Kazakhstan’s import in 2022 ($1.3 billion dollars). Spark-ignited engines, grapes and bricks are the main items imported by Kazakhstan.

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According to Kazinform, a meeting of the Government has been held by Prime Minister Alikhan Smailov to discuss the measures of development of the Trans-Caspian International Transport Route (TITR). A twofold reduction of the terms of transit cargo transportation via the territory of Kazakhstan (from 12 to 6 days) was emphasized by the participants of the meeting. They expect this indicator to reach 5 days in 2023. They have already reduced the terms of cargo transportation from China to the Black Sea ports via the Trans-Caspian International Transport Route from 38-53 to 19-23 days, and it will reach 14-18 days at the end of 2023. The joint work of the member-countries on the elimination of ‘sticking points’ on the route, the introduction of through rates and the implementation of other measures made this progress possible. The measures of further modernization of Kazakhstan’s railroad infrastructure, renewing rolling stock, and expanding the merchant marine and capacities of the Aktau and Kuryk seaports were also discussed at the meeting. The plans of creating a container hub in Aktau, renewing the transshipping vehicles fleet, renovating oil-loading terminals, as well as building a new mooring and multi-functional and grain terminals in the Kuryk Port were announced by the participants. 10 petro-barges, eight ferries, six tankers and container ships are expected to operate on the Caspian Sea until 2030. The preparation of an agreement between Kazakhstan and China on the TITR development aimed at simplification of customs procedures and approval of guaranteed volumes of transportations via the route was another topic raised at the meeting. The task given by the Prime Minister was to accelerate the procedure of harmonization of the document by the relevant governmental authorities of Kazakhstan for its further discussion at the inter-state level.

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According to the press service of KTZ, a meeting between a delegation of Kazakhstan Temir Zholy (Kazakhstan Railways) and the representatives of the administration of Xian led by Mayor Li Minyuan was held as part of an official visit to China on March 1.
The development of transport routes and infrastructure was discussed by the sides.
The city of Xian was noted by the parties as the largest transport and logistics hub in China. This is the location of Xian International Trade and Logistics Park dry port. This dry port receives 40 percent of the cargo from Kazakhstan, and they form 30 percent of containers of the total volume of container trains shipped from China to EU here.
At the end of the meeting they signed an Agreement, according to which 8 hectares of land plot will be provided by the Chinese side for the construction of a terminal in the territory of the Xian Dry Port. Readiness of the administration of Xian to support Kazakhstan Temir Zholy in the implementation of a new logistics project was confirmed.
Xian is the capital of Shaanxi Province and the largest city in Northwest China with the population of over 12 million people.

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According to Kazinform correspondent, the region’s governor Yeraly Tugzhanov and Elchin Mammadov, acting head of the Consulate General of Azerbaijan in Aktau, announced it at a meeting.
Yeraly Tugzhanov said that there are close relations between Aktobe region and many foreign countries today. He noted that it was especially important for Kazakhstan to strengthen the ties with Azerbaijan. The presidents of the two countries Ilham Aliyev and Kassym-Jomart Tokayev discussed the issues of transport and logistics infrastructure development and huge prospects in investments sector at the meeting.
Development of various ties including business was the goal of the discussion. Elchin Mammadov in his turn expressed the hope that the meeting will contribute to the strengthening of the bilateral relations.
A presentation of the region’s economic potential, highlighting that Aktobe region had been the country’s large transport and logistics hub, was made by Yeraly Tugzhanov.
According to him, more than 6 billion US dollars has been attracted by the region in the past 5 years. Foreign direct investments account for 25 percent of this sum. The region, notable for its location and a great number of mineral reserves, is the place where 1,100 foreign companies including transnational corporations are operating. Tugzhanov added that they have created favorable conditions for the implementation of projects in agriculture, machine-building, construction industry and tourism.
Aktobe region is the home for approximately 1,300 Azerbaijanis today.

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