Kazakhstan producers trade on China’s electronic trading platform

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ALMATY (TCA) — At present, 31 commodity items of 15 Kazakhstan companies are placed on Jumore, the largest Chinese electronic trading platform, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported.

Atameken signed an agreement with Jumore after negotiations held during the visit of Prime Minister of Kazakhstan Bakytzhan Sagintayev to Shanghai in September 2016.

More than 60,000 state-owned companies of China participate in Jumore, conducting their purchases on its basis. The trading turnover of the electronic platform in 2016 amounted to 160 billion USD, this year the figure is expected to reach 800 billion USD.

According to the agreement between Atameken and Jumore, Kazakhstan entrepreneurs are provided with free access to this electronic platform, thus entering the huge Chinese market. Atameken plans to have 100 Kazakh companies enter Jumore already this year.

Today, 31 commodity items of 15 Kazakhstani companies are placed on Jumore, including Alina paints, Lepsinsky honey, drinks of RG Brands, and Tau Ken Temir products.
The site trades any kind of goods — from raw materials to finished products. At the conclusion of contracts, Jumore assists in the search for logistics services, customs clearance, product certification in accordance with Chinese requirements, and advice on the requirements for packaging and other requirements of China.

A joint protocol has been signed on mutton export between agriculture ministries of Kazakhstan and China, and soon there will be an opportunity to start trading. Now Kazakh producers can post offers for honey, oilseeds, vegetable oil, confectionery products, fish, and crops.

Sergey Kwan

TCA