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Kazakhstan, XUAR, Hong Kong: New cooperation format

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Kairat Torebayev, Vice Minister of Trade and Integration of Kazakhstan: Ma Xingrui proposed using XUAR as a bridge between Kazakhstan and Hong Kong for trade, investment, and science. The creation of a fund to finance joint projects in Kazakhstan, XUAR, and Hong Kong is being considered.
Promising areas:
- Industrial cooperation: Establishment of joint ventures in Kazakhstan with the participation of capital from Hong Kong, especially in the field of deep processing of agricultural products.
- Export of Kazakh goods: to Hong Kong, Southeast Asia, and the Greater Bay Area.
- Finance and technology: Cooperation with the Hong Kong Stock Exchange and development of the Digital Silk Road initiative.

Why is this important?

Kazakhstan, XUAR, and Hong Kong have unique advantages that can complement each other. Kazakhstan is a strategic transportation hub, XUAR is the industrial heart of the region, and Hong Kong is a global financial center. Combining these potentials can create a model of cooperation that will take us to a new level.
Figures:
• Trade turnover between Kazakhstan and China in 2023 amounted to $31.5 billion (+30%).
• Trade between Kazakhstan and Hong Kong increased by 45.7% over the year, reaching $75.4 million.
These figures demonstrate the enormous prospects that are opening up for our countries.

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