Kazakhstan's President, Kassym-Jomart Tokayev, discussed the promising directions of cooperation between Kazakhstan and China during the 23rd Boao Asian Forum session on March 28, 2024. Tokayev emphasized the strong economic partnership between the two countries, with Kazakhstan emerging as China's primary trade and economic partner in Central Asia. Last year, the bilateral trade volume reached a record high of $41 billion USD, showcasing the robust ties between the nations.
Tokayev highlighted Kazakhstan's pivotal role in the "One Belt, One Road" initiative, serving as a crucial bridge between East and West. The President underscored Kazakhstan's commitment to structural reforms to build a stronger and more dynamic economy, aiming for sustained growth rates exceeding 6% and a doubled economy size by 2029. The country's open-door policy and liberal market reforms have attracted significant foreign investment, including from Chinese companies.
Moreover, Tokayev stressed the importance of global cooperation to address contemporary challenges. He called for a new multilateral trade system based on fairness and openness to tackle rising trade barriers and protectionism. The President also advocated for equal opportunities in the global financial system, urging effective measures for sustainable financing.
Addressing food security, Tokayev emphasized Kazakhstan's agricultural potential in ensuring global food stability. He proposed collaborative programs, joint agro-innovation centers, and technology transfer to strengthen international cooperation. The President also highlighted the strategic significance of expanding transit and transport cooperation in Asia, including the development of key transport routes like the Trans-Caspian International Transport Route.
Furthermore, Tokayev expressed interest in enhancing technological cooperation, particularly in artificial intelligence, to support sustainable global economic growth. He endorsed China's "Global Initiative on AI Governance" and welcomed collaboration with leading Asian tech giants on innovative IT projects. Additionally, the President identified the extraction of critical raw materials as a promising area of cooperation to meet the demands of various industries.
In conclusion, President Tokayev reiterated Asia's potential to play a crucial role in shaping the future world order through economic, technological, and cultural advancements. He highlighted the practical significance of international platforms like the Boao Asian Forum and the Astana International Forum (AIF) in fostering dialogue and cooperation. Tokayev extended an invitation to the forum attendees to participate in the upcoming AIF event in June, underscoring the importance of continued engagement and collaboration in advancing regional and global interests.
