Kazakhstan, China announce $100 billion trade target
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Kazakhstan and China announced a new bilateral trade target of $100 billion. The goal was set during a meeting of the Kazakh-Chinese Intergovernmental Commission in Astana.
The Trade Target
Kazakhstan and China have set a new bilateral trade target of $100 billion, according to an announcement from the Kazakh-Chinese Intergovernmental Commission meeting in Astana. The previous target of $50 billion was achieved in 2024. The new goal represents a doubling of trade volumes between the two countries.
Commission Meeting
The announcement was made during the 12th meeting of the Kazakh-Chinese Intergovernmental Commission on Trade and Economic Cooperation. Kazakh Deputy Prime Minister Serik Zhumangarin and Chinese Vice Premier He Lifeng co-chaired the session. The meeting also discussed investment projects in transport, logistics, and energy sectors.
Record Six-Month Trade Volume
Kazakhstan and China recorded a trade turnover of $11.26 billion in the first six months of the year, a record high. Kazakh exports to China exceeded $6 billion, also a record, according to the Kazakh Ministry of National Economy.
Jackie Chan to Film in Kazakhstan
Actor Jackie Chan will shoot the sequel to his adventure film 'Armour of God' in Kazakhstan. The new movie, titled 'Armour of God: Ultimatum', will be filmed in the Mangystau and Almaty regions.
What's Next
The two sides are expected to sign a roadmap for achieving the $100 billion target by the end of 2026. It remains unclear how the target will be affected by global trade tensions and China's economic slowdown.
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Kazakhstan, China announce $100 billion trade target
