BAKU, Azerbaijan, Apr. 1
By Klavdiya Romakayeva - Trend:
Uzbekistan, China agreed to join efforts to accelerate the elaboration of the draft agreement on the approval of the program for the development of trade, economic and investment cooperation for 2021-2025, Trend reports citing government portal of Uzbekistan.
On March 31, 2021, negotiations were held between the Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Minister of Commerce of China Wang Wentao, dedicated to the discussion of topical issues of bilateral cooperation and the current state of implementation of mutual agreements in priority spheres.
During the meeting the parties considered the existing opportunities for expanding investment cooperation and industrial cooperation in the chemical, electrical, textile, leather industries, as well as the building materials industry.
In addition, an agreement was reached to intensify interaction to attract large Chinese companies to the implementation of new projects in Uzbekistan aimed at creating high-margin industries using innovative Chinese technologies.
It was noted that 40 promising project proposals have been developed, which are subject to further study with Chinese investors.
Also, during the dialogue, the parties agreed to join efforts to accelerate the elaboration of the draft agreement between the governments of Uzbekistan and China on the approval of the program for the development of trade, economic and investment cooperation for 2021-2025.
Moreover, significant interest of Uzbek exporters in expanding the supply of fresh and dried fruit and vegetable products to the Chinese market was noted, in connection with which, further steps were outlined to promote Uzbek products and build stable mechanisms of cooperation with Chinese customers.
Also, significant potential for the development of cooperation with the Eximbank of China, the State Development Bank of China and the Silk Road Fund was noted, bearing in mind the increase in the number of funded large investment projects.
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