Kazakhstan’s trading house to appear in China this year - News | BNews

Kazakhstan’s trading house to appear in China this year

07 September, 2018, 15:53 724
Kazakhstan’s trading house to appear in China this year

The total sales area is 5 thousand square meters.

The opening of the Kazakhstani trading house is planned in the city of Xi'an is the capital of Shaanxi Province, China, October 19, 2018, Deputy Chairman of the Board of the Foreign Trade Chamber of the Republic of Kazakhstan Nuraly Bukeikhanov announced at the Kazakh-Chinese business forum, Bnews.kz correspondent reports.

“Today we are planning to conduct negotiations between Kazakh and Chinese enterprises. In addition, a reciprocal trade mission to Xi'an is the capital of Shaanxi Province, China in October, where in addition to business meetings, Kazakh enterprises will open a trading house in Kazakhstan. 5 thousand square meters in the trade area and 10 thousand square meters of free warehouses in a special customs zone will be provided for use by the Kazakh side. Internet access to shops will also be provided. The opening of the trading platform is planned on October 19, 2018, "Nuraly Bukeikhanov said.

According to him, to date 25 commodity groups of Kazakhstan are admitted to trading in China - these are agricultural food products (frozen beef, lamb, wheat, crop production, confectionery) and manufacturing products. But this is only the first stage.

Currently, Chinese inspection is paying the visit to Kazakhstan to carry out an inspection of barley and corn at 18 enterprises. It is planned these enterprises will be assessed to the Chinese market. In addition, a repeated inspection of slaughterhouses for cattle is expected in late September and a number of enterprises will have to have access to supply goods to China, " the speaker added.

Bukeykhanov noted that the trading house will be able to accommodate about 100 companies in the future.

The trading house will present national goods. The prime function of the trade house will be a showroom in order to acquaint Chinese entrepreneurs and consumers with our products. Mainly the sales will go through the Internet platform, according to the Deputy Chairman of the Board of the Foreign Trade Chamber of the Republic of Kazakhstan.

Moreover, the terms of trade for Kazakh companies will be preferential, the rented premises by the Chinese side will be provided at prime cost.

It should be noted China's Chairman Xi Jinping announced his initiative One Belt, One Road' while Kazakhstan-China Business Forum on September 7 in Astana uniting about 150 enterprises of the Chinese side and more than  300 Kazakhstani ones.

The Chinese side opens more and more commodity items for Kazakhstan’s trade annually. Already, more than 180 Kazakhstani companies have passed the Chinese inspection and got the right to supply their products to the Chinese market. Kazakhstan’s exports to China this year amounted to more than 5 billion 600 million dollars. At the moment, unfortunately, these are raw materials. Meanwhile, a very positive practice is observed in the food and agricultural sphere. Taking into account the Chinese annual decrease of pasture volumes, and sowing volumes and Kazakhstan’s environmentally friendly production, this direction will be the second oil of Kazakhstan.