Uzbek-Chinese Business Forum in Tashkent

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April 14, 2014

Uzbek-Chinese Business Forum in Tashkent

The capital Tashkent has hosted the business forum of entrepreneurs from Uzbekistan and China.

The occasion was organized jointly by Uzbekistan’s Trade and Industry Chamber and China’s Committee for the Promotion of International Trade. The forum participants included officials of government agencies, companies and corporations of the two countries responsible for commerce, investments, foreign economic relations, petrochemical industry, energy sector, machine building, agriculture, construction materials production, tourism and logistics.

Chairman of the Uzbek Trade and Industry Chamber Alisher Shaikhov, the First Vice Chairman of the China Council for the Promotion of International Trade Zhan Wei and other speakers at the event noted that the cooperation between our two nations has been advancing steadily across all dimensions, and it is built on a robust normative foundation made up of agreements reached during meetings between the heads of state. The official visit of President of the Republic of Uzbekistan Islam Karimov to China in June 2012 and the state visit of President of the People’s Republic of China Xi Jinping to Uzbekistan last September enriched the bilateral relations with new substance and serve as an important factor in setting the available opportunities in motion in order to enhance the cooperation.

Today, bilateral ties between Uzbekistan and China have been moving forward dynamically in all spheres building on the Joint Declaration on the Establishment of Strategic Partnership, the Treaty on Friendship and Cooperation, and he Joint Declaration on the Further Development and Enhancement of Bilateral Relations of Strategic Partnership. The PRC is among the leading trade-economic and investments partners of Uzbekistan.

Uzbekistan and China enjoy the reciprocal most-favored-nation regime. The volumes of trade turnover have been growing to this end. The indicator in this area exceeded 4 billion US dollars in 2013. Around five hundred joint ventures founded with the participation of Chinese investments operate currently in Uzbekistan. More than seventy companies from China have their representative offices in our country.

The favorable business environment, the system of preferences and guarantees created in Uzbekistan and dedicated to securing the interests of foreign investments have been boosting the confidence of Chinese entrepreneurs in the Uzbek economy.

“The economic interaction between our countries has been developing vigorously,” said the First Vice Chairman of the China Council for the Promotion of International Trade Zhan Wei. “Representatives of numerous leading Chinese firms and companies have arrived in Uzbekistan with their promising business projects and with an aim to get familiar with the best possible business environment and the available huge economic opportunities in this country. We are confident in the further growth of our mutual cooperation.”

The economic zones in Navoi, Angren and Jizzakh are important in the implementation of high-tech projects with the engagement of foreign investments. At the forum, Chinese businesspeople were informed in detail on the privileges and opportunities of effective activities in these zones.

The event served as a platform to exchange views on issues pertinent to the intensification of ties in the oil and gas as well as chemical industries, in tourism, agriculture, construction materials production, automotive industry, electrical engineering, textile and light industry, along with the realization of joint mutually advantageous projects.

Toward the end of the business forum, Uzbekistan’s Trade and Industry Chamber and the China Council for the Promotion of International Trade inked a mutual cooperation agreement.

In addition, a cooperation exchange took place with representatives from Uzbek and Chinese business circles.