Thursday, 28 April 2011

Uzbekistan-China ties will continue to expand

Uzbekistan and China has witnessed consistent development of trade-economic and investment cooperation. Since first years of its independence, Uzbekistan has been developing relations with China.

The amicable ties based on mutual trust, is expected to evolve in the same spirit for the welfare of the two nations, reported. Both countries have signed 170 documents covering various spheres of bilateral relations.

It was recalled that during the state visit of President Islam Karimov to China in 2005, an Interstate agreement on partnership relations, friendship and cooperation was signed.

The agreement further enhanced mutual cooperation.
Over the last period, a large number of summits and visits of various delegations have been held. The issue of overcoming the ramifications of the global financial crisis was an important aspects of the interstate cooperation. As a result, Uzbekistan and China are paying special emphasis on expanding trade-economic, investment and financial cooperation.

China is also the leading investor in Uzbekistan and second among Uzbekistan’s trade partners.
Last year the volume of bilateral trade amounted to €2.85 billion. Around 347 Chinese firms have invested in Uzbekistan.

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