NEWS AND EVENTS
October 25, 2012
Meeting of Uzbek and Chinese business circles
A symposium with the participation of representatives of business circles of Uzbekistan and China, dedicated to the investment potential of Uzbekistan and opportunities to implement joint projects was held in Tashkent on 24 October.
The event, organized by the Chamber of Commerce and Industry of the Republic of Uzbekistan, was attended by representatives of ministries and agencies, corporations and companies of the two countries responsible for such sectors as trade, investment, economy, textiles, mining, information technology, pharmaceuticals, electronics and construction.
The event highlighted the fact that cooperation between Uzbekistan and China, is rapidly developing in the economic sphere along with all other areas, an important legal basis of which are the agreements reached during meetings of the heads of the two states.
Uzbek-Chinese relations have been developing in political, trade, economic, cultural, humanitarian and other fields. Most favored trade regime exists between our countries. The volume of bilateral trade in 2011 amounted to 2 billion 596 million U.S. dollars. A favorable investment environment in Uzbekistan attracts the interest of Chinese business people in cooperating with Uzbek colleagues. There are 382 joint ventures with participation of Chinese investments, representative offices of 65 Chinese firms and companies in Uzbekistan.
The Chinese guests got acquainted with the privatization process in Uzbekistan, transformations due to consistent economic reforms. The parties discussed the arising opportunities at the Navoi free industrial-economic zone and Angren special industrial zone, implementation of joint projects.
- Uzbekistan is a country with a rapidly growing economy - said vice-mayor of Tongxian, a Chinese city, Pan Minfan. - Official visit of President Islam Karimov to China, which took place in June this year, has opened new opportunities for mutually beneficial cooperation. The dynamic development of trade and economic relations between Uzbekistan and China, as well as increase of the volume of trade delights us. We had the opportunity to visit the VI International Industrial Fair and Cooperation Fair, get acquainted with the industrial potential of Uzbekistan. (Source: UzA news agency)