14 Sep 2023 14:43

Kazakhstan ready to boost non-resource exports to Hong Kong - Trade Ministry

ASTANA. Sept 14 (Interfax) - Kazakhstan is ready to increase non-resource exports to Hong Kong by over $600 million, Kazakh Trade and Integration Minister Arman Shakkaliyev said at the 8th Summit "One Belt. One Road" in Hong Kong.

"Ttrade turnover with the special economic region is growing rapidly: last year bilateral trade between Kazakhstan and Hong Kong surged 91% to reach $51.8 million. We are ready to increase non-commodity exports (...) to Hong Kong by 100 commodity items worth over $600 million," Shakkaliyev was quoted as saying at the Summit, according to press release on Wednesday from the Kazakh Ministry of Trade.

He also said that Kazakhstan is ready to add 135 new commodity items worth $1 billion to its exports to China.

Kazakh President Kassym-Jomart Tokayev said earlier that trade turnover between Kazakhstan and China in 2022 reached a record of more than $31 billion over the past 30 years. The president said that the two countries should increase their trade turnover to $40 billion by 2030.