Kazakhstan and China agree to increase freight traffic

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ALMATY (TCA) — The volume of transit and import/export freight traffic through the Kazakh-Chinese railway crossings Dostyk-Alashankou and Altynkol-Khorgos will be increased by 33 percent in 2017, Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) said.

Freight traffic between Kazakhstan and China this year will increase to 10.9 million tons, with Kazakhstan’s exports amounting to 5.59 million tons and the import and transit from China expected to reach 5.4 million tons.

This was discussed at the meeting of railway authorities of Kazakhstan and China within the framework of the Organization for Cooperation of Railways, held in Almaty last week.

The meeting was attended by representatives of railways and foreign trade organizations of Kazakhstan, Vietnam, China, Mongolia, Russia, and North Korea.

In the meantime, on March 2, KTZ Express (a subsidiary of KTZ) signed an agreement with the Chinese company Jumore on cooperation on its electronic trading platform.

The electronic platform allows integration on one platform of manufacturers, service providers, logistics companies, and buyers.

“Major mining, agricultural, energy companies and commodity producers of Kazakhstan will be able to place on the Jumore platform, through which potential buyers from around the world will be able to find their products. Thus, KTZ Express will carry out quick delivery to customers with safety guarantee. Local customers will be able to find any product of foreign companies placed on the platform,” said Jumore Chairman Lou Hungxiang.

Sergey Kwan

TCA