China and Kazakhstan to establish Free Trade Zones for railway corridor

China-Kazakhstan-free zone_free_trade_zone_1China and Kazakhstan have signed a memorandum of understanding on cooperation between the customs departments of the two countries. China and Kazakhstan also agreed to establish a free trade zone in the major cities along railways between the two countries, along „One belt, one road” project so as to expand cooperation between enterprises.

“It coincides with our (Kazakhstan’s) plans to increase transit through Kazakhstan to other countries. During the year, Western Europe-Western China international transit corridor will be completed as well. We expect that cargos of Chinese goods will be exported to Europe via this corridor. Of course, a lot will depend on the cooperation between the customs services of the two countries,” Chairman of the State Revenue Committee of the Ministry of Finance of Kazakhstan, Daulet Ergozhin said.

Kazakhstan has already started works towards the realization of this idea. The Kazakh government has set a goal to implement projects aimed at the removal of all infrastructural restrictions in order to increase the country’s capabilities to offer competitive services and increase the volume of shipments.

The country is building a dry port and rail yard at Khorgos, in the desert on its eastern border with China. The country has formed 100 container trains from China’s Lianyungang Port to Central Asia this year.


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