Kazakhstan and China signed 30 trade documents worth $16.54 billion on 17 October during President Kassym-Jomart Tokayev’s official visit to China, the Akorda press service reported.

Major Kazakh and Chinese companies and institutions signed agreements on the transfer of technology for production, the opening of credit lines, the supply of vehicles powered by new energy sources, and trade and investment agreements.

The Kazakh Ministry of Transport has signed four documents with Chinese partners. Two of them are intergovernmental agreements on the development of the Trans-Caspian International Transport Route (TITR).

The third document calls for the construction of the Tacheng-Ayagoz railway line, the construction of a third railway checkpoint between Kazakhstan and China, and the establishment of border terminal facilities. The fourth is a new approach to developing an air route that will lay the groundwork for the rapid growth of freight hubs in Kazakhstan.

Article source: NEW SILKROAD DISCOVERY