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China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

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China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

2024-06-22 09:53 Last Updated At:16:27

Kyrgyzstan and China have agreed to open a new crossing this year to increase the throughput capacity of the border checkpoints as trade between the two countries is growing every year and reached over 19 billion U.S. dollars in 2023, said Kyrgyz Prime Minister Akylbek Japarov.

China was Kyrgyzstan's top trading partner in 2023, accounting for 34.7 percent of Kyrgyzstan's foreign trade, Kyrgyzstan's National Statistics Committee reported in February.

In a recent interview with China Central Television (CCTV) in Bishkek, Japarov highlighted the remarkable achievements the country has made in the past three years and expressed his expectations for further cooperation with China.

"In this three-year period, the reforms proposed by President Sadyr Zhaparov have yielded significant results. Our GDP has doubled, the fiscal budget has increased by two times, and we have created favorable conditions for entrepreneurs. The trade and services sector accounts for 52 percent of our GDP structure, indicating a remarkable development. We have engaged in discussions with the Chinese government, aiming to transform customs transit services into a 7-day, 14-hour operation. In the near future, we expect these border agencies to operate 24 hours a day. These efforts will create advantageous conditions for entrepreneurs, facilitate a rapid increase in goods circulation, and enhance Kyrgyzstan's customs clearance capabilities," said Japarov.

"Currently, we share a border of over 1,000 kilometers with the People's Republic of China, and we have two land border crossings. According to statistics released by China, bilateral trade through these two border crossings exceeded 19 billion U.S. dollars last year. This year, we will open the third border crossing, which has been approved by both Kyrgyz and Chinese governments. Now we are working with the local government of [China's] Xinjiang Uygur Autonomous Region to get ready to start building this border crossing," said Japarov.

China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

China, Kyrgyzstan to open third border crossing in 2024: Kyrgyz PM

Next Article

China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

2024-07-18 18:36 Last Updated At:19:07

The total import and export value of goods in northwest China's Xinjiang Uygur Autonomous Region grew by 48.4 percent year on year, reaching 200 billion yuan (about 27.56 billion U.S. dollars) in the first half of 2024.

This robust growth is attributed to the high-level opening up of Xinjiang, which has advanced connectivity between China and other countries, the prominent role played by the grand channels to the west, and optimized foreign trade methods.

In the first half of the year, Xinjiang traded with 205 countries and regions. Kazakhstan and Kyrgyzstan topped the list of trade partners, with growth rates of 45.8 percent and 8.7 percent, respectively.

Data shows that the volume of imports and exports through Xinjiang's ports reached 39.338 million tons, marking an 11.9 percent increase. According to railway authorities, 4,691 China-Europe Railway Express trains and 3,055 China-Asia Railway Express trains passed through the Alashankou and Khorgos ports, reflecting year-on-year growth rates of 10.1 percent and 5.3 percent, respectively.

Additionally, the import and export volumes by road, water, rail, and air transport in Xinjiang increased by 14.8 percent, 257.2 percent, 62.4 percent, and 18 percent, respectively.

The pilot free trade zones and comprehensive bonded zones have become important engines driving Xinjiang's foreign trade.

In the first half of the year, Xinjiang's free trade zones (FTZs) had a combined import and export value of 72.82 billion yuan (about 10.03 billion U.S. dollars), accounting for 33 percent of the total value of Xinjiang's foreign trade.

During the same period, the total import and export value of the four bonded zones in Kashgar, Khorgos, Alashankou, and Urumqi reached 95.39 billion yuan (about 13.14 billion U.S. dollars), up by 58.1 percent, accounting for 43.2 percent of the region's trade.

Cross-border small-volume trade, general trade, bonded logistics, and other trade modes have become more balanced, further optimizing the foreign trade structure.

China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

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