Kazakhstan and China are set to open a food hub at the Khorgos International Trade Center, a major trade hub located on the border between the two countries. The hub will provide a well-developed transport and logistics infrastructure to ensure the rapid and unimpeded marketing of agricultural and food products, which are in high demand among consumers in both countries, Turanews.kz reports.
According to the Kazakh Ministry of Agriculture, the food hub will be built on an area of 100 hectares and will include warehouses, cold storage facilities, and processing plants. It is expected to create over 1,000 jobs and boost trade between Kazakhstan and China by an estimated $1 billion per year.
In 2022, the export of agricultural goods from Kazakhstan to China amounted to $553.5 million. This includes crop production, processing, and animal husbandry. The food hub is expected to further increase trade in these products, as well as in other food items such as fruits, vegetables, and processed foods.
The opening of the food hub is a sign of the growing economic cooperation between Kazakhstan and China. The two countries have a long history of trade and investment, and the food hub is a major step in their efforts to further integrate their economies.
The food hub is also expected to help to improve food security in both countries. Kazakhstan is a major producer of agricultural products, and China is a major consumer. The food hub will make it easier for these two countries to trade food, which will help to ensure that both countries have access to the food they need.
The opening of the food hub is a positive development for both Kazakhstan and China. It is a sign of their growing economic cooperation and it is expected to boost trade and improve food security in both countries.
