Embassy of Kazakhstan

President of Kazakhstan, Mr. Nursultan Nazarbayev, stressed his high appreciation of the visit’s results. “This visit will galvanize the development of Kazakh-Chinese relations”, he said. President Nazarbayev also emphasized that his Chinese counterpart arrived in the country on a very important day in the nation’s history, when a milestone election to Kazakhstan’s legislature was being held.

“Our people respect considerate and positive attitude of the Chinese Government to Kazakhstan”, Kazakh leader said.

“The Chinese Government welcomes the increase of Chinese companies’ investments into machinery, telecommunications, transport and other spheres of Kazakhstan’s economy. We are also interested in participating in the development of Kazakhstan’s scientific and industrial parks”, President Hu said at a press briefing after the meeting.

During the visit representatives of the two countries put pen to paper to a number of agreements, including on interaction with the UN and the SCO, development of cross-border, financial and humanitarian cooperation.

In recent years, the two countries have achieved fruitful results from cooperation in economy, trade, energy and transportation. In 2006 the bilateral trade volume hit USD 8.36 billion, up 22.8 per cent as compared to 2005. During the first half of 2007 the volume of trade turnover reached USD 5.97 billion, up 60.4 per cent as compared to the first half of 2006.

“The volume of commodity trade turnover between Kazakhstan and China will reach USD 10 billion in 2007. According to previous plans, this figure was to be reached only by 2010”, President Nazarbayev stated.

In their Joint Communiqué the two parties agreed to cooperate to increase bilateral trade turnover by USD 15 billion by 2015, strike balance between bilateral export and import flows and diversify the structure of commodity trade.