Xinjiang aims to increase trade with Kazakhstan by 18%

March 29. Universal Newswires

Xinjiang aims to increase trade with Kazakhstan by 18%A senior Chinese official said Wednesday the Xinjiang Uygur Autonomous Region aims to ramp up trade with Kazakhstan by 18 percent this year.

China’s westernmost region of Xinjiang shares the country’s border with Kazakhstan.

“As the economic relations between Kazakhstan and Xinjiang improve, the sales turnover will expand 18 percent in 2012,” Meergul Tursun, head of the Xinjiang Commerce Department’s border trade section, said.

Bilateral trade between Xinjiang and the Central Asian republic was up 13.4 percent to $11 million last year, according to Tursun.

The Chinese official said the two sides hope to ratchet up their trade and economic ties at the 10th exhibition of Chinese goods in Kazakhstan’s business capital of Almaty this May.

Two-way trade is expected to be given a fresh impetus by the new Khorgos transnational free trade center on the border of Kazakhstan and China. In the longer term, the border trade center will also become a critical part of a transcontinental corridor linking China, Central Asia, and Europe.

Total trade turnover between the two neighboring countries amounted to $20 billion last year, according to Kazakh government statistics.