• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09201 0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
21 January 2025

Viewing results 1 - 6 of 21

Amid Sanctions, China’s Xinjiang Strengthens Ties with Central Asia

China’s Xinjiang region is deepening its engagement with Pakistan and Central Asia as part of efforts to counter Western sanctions and bolster its role in the Belt and Road Initiative (BRI). On November 26, officials from Xinjiang met with their counterparts from Kazakhstan’s Zhetysu region for the first meeting under a new cross-border coordination mechanism. The discussions focused on cross-border tourism, infrastructure, market regulation, quarantine measures, and joint crime prevention. The meeting culminated in the signing of a memorandum on cross-border tourism. The discussions took place near the port of Khorgos, a critical hub for the China Railway Express, which connects China with Europe. Khorgos is home to China’s first cross-border cooperation center, where residents of neighboring countries can engage in business and shop visa-free. The center allows duty-free purchases of up to 8,000 yuan ($1,104) per day. Xinjiang Governor Erkin Tunyoz stressed the importance of strengthening ties with Zhetysu in areas such as trade, tourism, security, and agriculture. This cooperation is becoming increasingly crucial for Beijing as Xinjiang grapples with sanctions from the United States and other Western countries over alleged human rights abuses—a claim that China denies. Sanctions include the U.S. Uyghur Forced Labor Prevention Act, which prohibits imports from Xinjiang suspected of being produced using forced labor. Similar measures have been implemented by Canada, the United Kingdom, and the European Union. In addition to its collaboration with Kazakhstan, China has established a dialogue mechanism with the five Central Asian countries—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Since 2020, foreign ministers from these nations have met annually to discuss logistics, trade, investment, agriculture, mining, and security. Li Lifan, a Central Asia scholar at the Shanghai Academy of Social Sciences, described Xinjiang as a “bridgehead” for the BRI. He highlighted the region’s rich natural resources and its role as a base for major industries, including automobile manufacturing. In 2023, trade between Xinjiang and Central Asian countries surged by 50%, reaching 283 billion yuan ($39 billion). Despite these successes, Li cautioned about future challenges. He noted uncertainties surrounding potential Western secondary sanctions, geopolitical tensions, and Russia's ongoing war in Ukraine. Additionally, U.S.-China relations remain fraught, with further unpredictability anticipated under the leadership of Donald Trump. “Full economic development may only be achievable once global tensions ease,” he said.

Kazakhstan’s Eastern Dry Port to Get New Airport With German Cooperation

Kazakhstan will get a new airport at the special economic zone (SEZ) Khorgos - Eastern Gate near the Chinese border, with construction taking place over the next eight years. The project will be managed by local authorities in partnership with the German company, Skyhansa LLP. The project is planning to attract 250 billion tenge ($557 million) in investments and create 700 new jobs. The volume of cargo transportation at the airport is targeted to be 50,000 tons per year, and the passenger terminal capacity will handle up to 500 people an hour, the press service of the Zhetysu Akimat (regional administration) reported. The Zhetysu region has great transit potential, as it's located at the crossroads of some key transportation routes - between China, Southeast Asia, CIS countries and Europe, said the head of the region, Beibit Isabaev, speaking at a meeting with potential investors. In the SEZ Khorgos - Eastern Gate, 56 companies are working on projects worth more than 800 billion tenge ($1.8 billion), he stated. The head of the region added that the authorities are ready to help businesses with infrastructure development. Cooperation agreements between the investor company, the regional department of entrepreneurship and the administration of the SEZ Khorgos already been signed. Investors have shown interest in the development of small aviation and started joint work with the Akimat of Taldykorgan. The new airport is planned to be completed by 2032, and the construction project involves three stages. In the first stage, the airport's basic infrastructure will be built, and at the subsequent stages, the functionality will be expanded and new facilities will be added, including a hotel and a shopping and entertainment center, said General Director of Skymax Technologies Group LLP, Yerik Shortanbayev.

Kazakhstan: Foreign journalists visit Altynkol station, Khorgos SEZ

ALMATY, Kazakhstan (TCA) — A press tour was held earlier this week for representatives of foreign and Kazakh media within the framework of China’s One Belt, One Road initiative to Altynkol station and facilities of the SEZ "Khorgos - Eastern gate" on the Kazakh-Chinese border in Kazakhstan’s Almaty region, the press service of Kazakhstan Temir Zholy (KTZ) national railway company reported. Continue reading

Kazakhstan: Khorgos border trade center sees increase in visitors

ASTANA (TCA) — More than 1.2 million people visited the Khorgos International Center of Boundary Cooperation (ICBC) in 2018, an 8-percent increase compared to 2017, the press service of national railways company Kazakhstan Temir Zholy said. The Khorgos ICBC is located on the Kazakh-Chinese border in Kazakhstan’s Almaty province, and is a major international transport, transit and trading hub between Kazakhstan and China. The growth of visits was facilitated by measures to create conditions for conducting transparent business of investors and visiting tourists. Thus, the luggage terminal was reconstructed and enlarged from 900 to 3,500 square meters. The fleet of 15 low-tonnage cargo vehicles has been updated. This allowed reducing the time of delivery of visitors' goods from the baggage collection points to the point of delivery in the baggage terminal. There is a single operator for comfortable movement of visitors. Currently, the issues of exemption of Kazakhstan and foreign participants of FEZ ICBC Khorgos from payment of basic taxes, except the social tax, are being resolved. The assignment to ICBC Khorgos — a unique project of Kazakhstan and China for trade, economic, tourism and investment cooperation — of the status of Free Economic Zone (FEZ) created favorable conditions for the development of business and investment in the territory of Kazakhstan. In 2018, 12 investment companies were attracted with a total construction area of 32.7 hectares and a building area of 193,000 square meters. Over the years of operation of ICBC Khorgos, 21 contracts for the construction of investment facilities were signed. The area of land plots at Khorgos was 113.5 hectares with the exception of infrastructure facilities, and the area of premises was 805.4 thousand square meters.

Kazakhstan: foreign diplomats visit Khorgos FEZ and center at border with China

ASTANA (TCA) — On October 6, representatives of the diplomatic community accredited in Kazakhstan visited the Khorgos-Eastern Gate FEZ and the Khorgos International Center of Border Cooperation (ICBС) located at the Kazakh-Chinese border in Kazakhstan’s Almaty province. Continue reading

Nurly Zhol–Khorgos checkpoint opens at Kazakhstan-China border

ALMATY, Kazakhstan (TCA) — Amangeldy Issenov, Deputy Chairman of the Management Board at the Eurasian Development Bank (EDB), took part in the official opening of the Nurly Zhol (Kazakhstan) – Khorgos (China) checkpoint on September 27. The event took place in the neutral territory between the borders of Kazakhstan and China. The participants in the ceremony included Kanat Bayedilov, Vice Minister of Finance of Kazakhstan, Ardak Tengebayev, Chairman of the State Revenues Committee at the Ministry of Finance of Kazakhstan, and Amandyk Batalov, Mayor of Almaty Region, the EDB press service reported. Continue reading