On May 30, a Memorandum of Understanding was signed at the head office of Port Kuryk LLP with the Chinese company Huapengfei. The document formalizes the intentions of the parties to develop mutually beneficial cooperation in the field of transportation of freight vehicles and active participation in the development of the Trans-Caspian International Transport Route (TITR).
The partnership is aimed at creating a sustainable logistics chain between Kazakhstan and China, with an emphasis on export-import transportation and access to foreign markets. The parties plan to use their resources and infrastructure capabilities to strengthen strategic ties and improve the efficiency of road transportation along the TITR routes.
For the practical implementation of the provisions of the memorandum, a joint working group will be created, which will develop detailed plans, as well as work out the legal and organizational aspects of future cooperation.