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02/April/2021   Economic Diplomacy

Deputy Prime Minister of Uzbekistan and Minister of Commerce of China discuss the implementation of mutual agreements in priority areas


TASHKENT, April 2. /“Dunyo” IA/. On March 31, virtual talks have been held between the Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Minister of Commerce of the People’s Republic of China Wang Wentao, reports “Dunyo” IA correspondent.

According to the Ministry of Investments and Foreign Trade, the parties discussed the current issues of cooperation and the state of implementation of mutual agreements in priority areas.

The heads of diplomatic missions of Uzbekistan and China also took part in the negotiations.

The existing opportunities for enhancing investment and industrial cooperation in the chemical, electrical, textile, leather industries, as well as the building materials industry were considered.

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. Currently, 40 promising project proposals have been developed, which are subject to further study with Chinese investors.

The parties agreed to unite 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.

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