The Republic of Kazakhstan and the People's Republic of China recently signed a Memorandum of Cooperation focusing on the trade of agricultural products.

A significant event occurred on March 26, 2024, in Astana, marking a milestone for the advancement of trade and economic relations between the two countries. During this event, SPSI Cloud Port Development Group Co., Ltd. and the Northern Agrarian Union of Kazakhstan signed a Memorandum of Cooperation designed primarily for the trading of agricultural products.
According to the Memorandum, a variety of agricultural products such as wheat, barley, flax, rapeseed, oats, sunflower, peas, lentils, safflower, rye, vegetable oils, meal, feed flour, and other goods will be supplied. The document also highlights the potential for exporting these products not only to China but also to other Southeast Asian countries. It's worth noting that the Memorandum specifies that the supply of these products will be exclusively handled by companies associated with the Northern Agrarian Union of Kazakhstan.

About Sichuan Port and Shipping Investment Group Co., LTD. (SPSI)
Sichuan Port and Shipping Investment Group Co., LTD. (SPSI) is a leading state-owned investment company in the People's Republic of China, specializing in infrastructure projects in the field of transport logistics and port services. SPSI is actively developing cooperation with partners around the world, striving for long-term and mutually beneficial partnerships. The company operates five water ports in China.

About the Northern Agrarian Union of Kazakhstan
The Northern Agrarian Union of Kazakhstan, established in 2024 through the initiative of JSC "Atameken-Agro," is a non-profit organization aimed at forming a strategic trade alliance among agricultural enterprises in the North Kazakhstan region. The Union's objective is to create new growth opportunities for Kazakhstan's agricultural sector, including expanding export markets, diversifying market access, increasing export volumes, and finding innovative solutions to transportation and logistics challenges faced by exporters. Currently, its members include JSC "Atameken-Agro," LLP "Promyshlenno-Torgovaya Kompaniya 'Sodruzhestvo'," LLP "Asyl Farms" and HK Daksing Industrial Co., Limited. The Northern Agrarian Union is open to partnerships and is enthusiastic about welcoming new agricultural producers from Kazakhstan.