Nazarbayev: Kazakhstan Continues to Support the Belt and Road Initiative

Nazarbayev: Kazakhstan Continues to Support the Belt and Road Initiative

The First President of Kazakhstan, Nursultan Nazarbayev noted that Kazakhstan will continue to fully support the global Belt and Road Initiative project, which was initiated by China.

In his speech at the opening of the International Belt and Road Forum in Chinese capital, Beijing, Nazarbayev said that the trade revenues due to initiative have totaled more than US$5 trillion.

He said that over the past 10 years, Kazakhstan has invested about US$30 billion in infrastructure and transportation logistics development, which has led the country to become a competitive transit hub for trading activities.

“The Belt and Road Initiative and the Eurasian Economic Union have a promising future. I believe that if the European Union joined this initiative, it would form a global integration of the Eurasian continent.”

“We can see the Silk Road has changed the world order and creates a new global reality. These developments disprove many theories of the failure of globalization.”

“I am deeply impressed that Chinese President, Xi Jinping has launched the Belt and Road Initiative to urge the world to build the community of shared future,” Nazarbayev said in his speech at the forum.

Leaders from 37 countries attended the forum in Beijing, including the Prime Minister of Malaysia Tun Mahathir Mohammad, President of Russia Vladimir Putin and Myanmar’s de facto leader, Aung San Suu Kyi, to name a few.

China’s President, Xi Jinping highlighted that the implementation of the Belt and Road Initiative is designed to strengthen the cooperation of various countries and ensure economic growth and sustainability.

“The joint implementation of the Belt and Road Initiative is intended to enhance practical cooperation in the area of interconnectedness as well as countering risks and facing challenges together,” he said at the forum.

The Belt and Road Initiative was launched by Xi in 2013 to promote global economic and cultural exchange.