Largest Chinese Company Eyes Entering Tajik Market
Date
4/21/2023 10:06:24 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 21. A number of Chinese
companies, including Alibaba Group (an e-commerce company), are
interested in opening branches in Tajikistan, according to the
State Committee for Investments and State Property Management of
Tajikistan, trend reports via Tajik media.
The representatives of the companies made the statement
following the meeting with Tajikistan's committee's deputy
chairman, Said Zuhurzoda, after being informed about the investment
opportunities, tax, and customs incentives available in the
country.
The parties also discussed potential cooperation in areas such
as logistics, transportation, agriculture, culture, and
tourism.
Chinese Alibaba, founded in 1999, is the world's largest virtual
trading platform offering a wide range of products. The company
also owns one of the largest cloud computing infrastructures, as
well as assets in the media and entertainment industries.
Meanwhile, according to the Chinese Ambassador to Tajikistan Ji
Shumin, trade turnover between Tajikistan and China reached $2.6
billion in 2022, which is an increase of almost 40 percent compared
to 2021.
At the same time, Chinese investments accounted for nearly 40
percent of the total foreign investment attracted to Tajikistan
from January to September 2022.
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