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NEWS AND EVENTS
May 22, 2014
Presidents of Uzbekistan and China hold talks
As reported earlier, President of Uzbekistan Islam Karimov arrived in China to attend the meeting of the IV Summit of the Conference on Interaction and Confidence Building Measures in Asia.

President of Uzbekistan Islam Karimov and President of China Xi Jinping held talks on May 20 in Shanghai at the residence of the head of China, the press service of the President of Uzbekistan reported. The sides highly appreciated the current state of relations between the two countries and stressed the importance of such meetings in determining the prospects for further development of cooperation.

The President of our country noted the favorable dynamics in bilateral relations and expressed his sincere gratitude to his Chinese counterpart for the warm and cordial welcome.

In turn, the head of China expressed his strong commitment to strengthening the strategic partnership with Uzbekistan. Xi Jinping stressed his willingness to continue to maintain close personal dialogue with the leader of Uzbekistan and \"exert all efforts to achieve even greater objectives\" in bilateral relations.

China’s President called for closer contact between the two countries on regional and international issues. Noting that Uzbekistan is an important country in the region Xi Jinping offered to join forces with our country in order to build confidence between the countries of Asia, strengthen peace and stability, promoting economic and social development in the region.

It was also noted that the first state visit of the current Chairman of the PRC to Uzbekistan in September 2013 was a truly historic event in the development of bilateral relations and the evidence of strengthening of the foundations of relations between our countries and peoples.

Following the talks in Tashkent Islam Karimov and Xi Jinping signed the Agreement of Amity and Cooperation and the Joint Declaration on further development and deepening of bilateral strategic partnership. Also an Intergovernmental Agreement on economic and technological cooperation, a number of documents aimed at further development of cooperation in the economic, financial, oil and gas sectors, education were signed.

Currently, the relations between Uzbekistan and China are developing in all directions in the spirit of the Agreement on partnership relations of friendship and cooperation, and the Joint Declaration on the establishment of strategic partnership. Interaction covers the whole range of relations and is mutually beneficial. The basis for this are the personal contacts between the two states, which are characterized by mutual trust and respect, with regular exchange visits and meetings at the highest levels.

Mutual trade has been steadily growing deserves a positive assessment, increasing for the past six years by almost 6 times and reaching $5.2 billion in 2013.

Recall that during the visit of the President of Uzbekistan to China in June 2012 a package of documents was signed worth over $ 5.3 billion for more than 30 investment projects.

31 documents on projects totaling $15 billion were signed during the state visit of the President of China to Uzbekistan in September 2013 that involve $7.7 billion of financial resources from China, including direct investment by Chinese companies worth $1.3 billion, loans of Chinese banks for $ 6.1 billion, government grants for $0.3 billion.

In Uzbekistan there are 466 enterprises with Chinese capital, including 77 companies with 100 percent of Chinese investment. 71 Chinese companies have their representative offices in our country.

Investment partnership in non-raw material and high-tech sectors has been also actively developing. Cooperation Programme signed in 2010 between the governments of Uzbekistan and China is the basis of fruitful cooperation in this area.

Uzbekistan supported the 2011 initiative of Chinese leadership for the establishment of Uzbek-Chinese high-tech industrial park with the participation of Chinese companies. In March 2013, this park was created in the form of a Djizzakh special industrial zone with a branch in the Syrdarya region. Since June 2013 manufacture of mobile phones, building materials and other products have already been launched on the territory of the SIZ.

This year at Djizakh special industrial zone it is planned to implement more than 15 projects involving direct Chinese investment worth over $50 million.

The cooperation with China in the energy sector has been consistently developing. Passage of all four Central Asia - China pipelines through the territory of Uzbekistan is the evidence of the highest level of mutual trust and close cooperation in the oil and gas sector.

China National Petroleum Corporation is involved not only in the exploration and development of promising hydrocarbon fields, but in the implementation of the project for deep processing of natural gas on the basis of the Mubarek gas-chemical complex.

Bilateral cooperation in the financial sector is also actively developing, in particular with China Development Bank (CDB) and the Export-Import Bank of China. The total loan portfolio of Chinese financial institutions exceeded $4.5 billion, including $3.5 billion - without government guarantees.

It should be noted that the CDB is involved in the energy, transport, telecommunications, health, education and other projects totaling over $3.8 billion. Since 2005, China\'s Eximbank has approved funding for 32 projects totaling $1.15 billion. Further development of cultural relations, cooperation in science and technology, tourism is also a priority. It should be noted that on May 15, 2013 in Shanghai opened the first in China Research Center of Uzbekistan and educational exchanges on the basis of Public Diplomacy Research Institute of the SCO at Shanghai University.

Sister relations have been established between Tashkent and Shanghai, Navoi and Zhuzhou (Hunan Province), Tashkent region and the province of Hunan, Samarkand and Xian (Shaanxi Province), Samarkand region and the province of Shaanxi.

Today\'s meeting of the two presidents will give a new impetus to the development of mutually beneficial and multifaceted cooperation and further strengthen the strategic partnership between Uzbekistan and China.

After fruitful discussion and exchange of views, the President of Uzbekistan Islam Karimov on the invitation of the President Xi Jinping attended a gala concert of Chinese masters of arts organized in honor of the Heads of States of the CICA summit.

(Source: Uzreport.uz)


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