Uzbekistan and China aim to increase trade volume to $20 billion “in the near future”. High-level negotiations in Beijing On January 24, a meeting was held between Uzbekistan’s President Shavkat Mirziyoyev and Chinese leader Xi Jinping.
Bilateral trade in 2023 reached a level of $14 billion.
A statement posted on the Uzbek President’s website attributed this trajectory to “strong developments in bilateral relations” in recent years.
Mr. Mirziyoyev profusely expressed his gratitude to his hosts and expressed special gratitude to President Xi for his “personal attention and support on cooperation issues, especially in the fight against poverty.” Later, Mr. Xi and President Xi paid their respects to the planned establishment of a Chinese-funded vocational training school, Ruban Workshop, in Tashkent.Ann agreement The school agreement was signed in November.
Over the past year, there has been a continued push to open these vocational centers across the region. Kazakhstan announced in December: opening Unique Luban workshop located on the campus of Selikbayev East Kazakhstan Technical University.
Mirziyoyev’s office said Chinese investment in Uzbekistan’s economy has increased five-fold “in recent years.”
Chinese companies are exploring great potential in the renewable energy sector.
Energy Minister Jurabek Mirzamakhmudov of Uzbekistan announced At the Uzbekistan-China Business Forum held in Xi’an, China in May, it was announced that an agreement had been reached to construct a renewable energy facility with a total capacity of 6 GW.
“These are projects with foreign direct investment of about $5 billion to $6 billion,” Mirzamakhmudov said at the time.
Two solar power plants, each with an installed capacity of 500 MW, have been installed since the middle of last year. Under development China Gezhoupo Group, a foreign-funded arm of China Energy Engineering Corporation, carried out the projects in Bukhara and Qashkadariya regions, respectively.Segments for both these projects reportedly Coming online in late 2023.
In a further signal that Beijing intends to maintain the tempo of investment, Mirziyoyev this week met with Wu Hulin, president of the Export-Import Bank of China, to discuss, among other things, the bank’s financing plans. We talked. Uzbekistan branch.
“The bank plans to open a regional office in Tashkent and prepare new promising projects for the development of transport and social infrastructure in industry and the private sector,” Mirziyoyev’s office said in a statement about the meeting. Stated.
This week, the Samarkand regional government in other China-related projects: agreed The company will purchase 100 electric buses manufactured by Chinese automaker Yutong. Purchasing these vehicles and building the necessary infrastructure to support them will require him to spend $62 million over three years. Of this amount, $49 million will be paid in the form of a long-term loan from the European Bank for Reconstruction and Development.
by eurasianet.org
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