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 Belt and Road Initiative brings vitality to Kazakhstan
Category:International Legal News  
Subject:Legal system   ; International relations   ; Economic cooperation   ; International trade  
Source:People's Daily Online
Publish Date:09-14-2018

On Sept. 7, 2018, the "Belt and Road" China-Kazakhstan Forum on Think Tank, Media and Cultural Communication opened in Kazakhstan's capital city, Astana. Key representatives from political, business and academic circles of China and Kazakhstan attended the forum and exchanged ideas on how the Belt and Road has changed Kazakhstan, Global Times reported.
Held by together with the China Public Diplomacy Association, the forum began on the five year anniversary of Chinese President Xi Jinping's first proposal to build the “Silk Road Economic Belt” in Astana.
The Belt and Road Initiative has granted cooperation between China and Central Asian countries with new vigor, creating new ties between Kazakhstan and Eurasia, said Erlan Karin, chairman of the Kazakhstan Council for International Relations at the forum.
While at the forum, Hu Zhengyue, Vice President of the China Public Diplomacy Association, declared that the Belt and Road Initiative is a brand new undertaking of international cooperation, and as long as countries work together they will achieve win-win results.
“The Belt and Road can create more than 200,000 jobs for countries involved, which means more opportunities and choices. Chinese fever is on the rise in Kazakhstan, and there are now over 14,000 students from Kazakhstan studying in China,” Kuanysh Sultanov revealed in an interview with Global Times.
According to the Chinese Embassy in Kazakhstan, China is Kazakhstan's second largest trade partner, the second largest exports market, the second largest source of imports and most significant source of business loans.
Statistics from the Chinese Embassy in Kazakhstan indicate that to date, bilateral trade between China and Kazakhstan has amounted to near $100 billion, while Chinese institutions have provided Kazakhstan with more than $50 billion in loans.
China-Europe freight trains have passed through the territory of Kazakhstan more than 1,800 times, a 50 percent rise since 2016. The value of the shipments dispatched from the China-Kazakhstan section reached $120 million.
Additionally, the two countries have mutually established five Confucius Institutes and five Kazakhstan Language and Cultural Centers, and have carried out cooperation in areas including local currency settlement and currency swap.
Such intensive exchanges were impossible five years ago. In an interview with Global Times, a professor of L.N. Gumilyov Eurasian National University said that after the Ukrainian crisis at the end of 2013, Kazakhstan's economic development declined quickly, but now the Belt and Road Initiative has revitalized the once-troubled country.

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