China-CIS nation’s trade reaches US$46 billion

David Nealis President of Ceres Ltd

China-CIS nation’s trade reaches US$46 billion

China's Ministry of Commerce has revealed that economic cooperation and trade between China and central Asian countries - Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan; accelerated to US$46 billion in 2012, 13.7% higher than a year earlier. The Ministry said China has become the largest trade partner of Kazakhstan and Turkmenistan, the second-largest trade partner of Uzbekistan and Kyrgyzstan, and the third-largest trade partner of Tajikistan. In the first eight months of this year, bilateral trade between China and central Asia totaled US$32.4 billion.