ALMATY (TCA) — A business forum to attract investments was organized at the Khorgos International Centre of Boundary Cooperation (ICBC) at the initiative of the Administrative Committee of JSC ICBC Khorgos (Kazakhstan) and FEZ Khorgos (China), the press office of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) reported on January 29.
The event was attended by representatives of the administration of the Almaty region and Almaty city, KTZ, the government of the Ili-Kazakh Autonomous Region of China, and Kazakh and Chinese business.
“ICBC Khorgos is a large-scale project of cross-border trade and economic cooperation. The center has an advantageous geographical position, the ancient Silk Road passed exactly through Khorgos. Importance of this centre increases every year,” said Alexei Ivanov, the vice-president of JSC ICBC Khorgos.
ICBC Khorgos received the status of special economic zone (SEZ). It includes the creation of favorable conditions for the development of entrepreneurial activities and attraction of investments to Kazakhstan. Entrepreneurs are exempted from paying basic taxes, except social taxes. This is land tax; property tax; corporate income tax; and zero VAT rate for goods sold on the territory of the Khorgos FEZ. All these privileges are applied for Kazakhstan and foreign participants of the FEZ.
“ICBC Khorgos provides great opportunities to enter new markets — not only China, but also the vast market of the EEU, the CIS and South-East Asia,” Ivanov said.
It was noted at the forum that the actively developing ICBC Khorgos creates conditions and gives great opportunities for the development of border regions, business tourism, trade, cultural and humanitarian cooperation.
An agreement was signed on cooperation in trade, tourism, industry, scientific and educational spheres at the Kazakh-Chinese business forum.
The Khorgos International Centre of Boundary Cooperation JSC is a public company established under the Agreements between the Governments of Kazakhstan and China, at the Kazakhstan-China border in the Panfilov district of Almaty region.
