Kyrgyzstan Ratifies Exchange Notes With China For New Border Checkpoint
Date
7/19/2024 5:24:26 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, July 19. President of
Kyrgyzstan Sadyr Zhaparov has signed a law ratifying the exchange
notes between the Kyrgyz Ministry of Foreign Affairs and the
Chinese Embassy regarding the opening of the Bedel checkpoint on
the Kyrgyz-Chinese border, Trend reports.
According to the official website of the president, the notes
were signed on June 12, 2024, in Bishkek and were approved by the
Kyrgyz parliament on June 26, 2024.
The opening of the Bedel checkpoint is expected to enhance
Kyrgyzstan's export potential, increase trade turnover, and
strengthen trade relations with China, including through
Kyrgyzstan's participation in the One Belt, One Road
initiative.
The establishment of the Bedel checkpoint is part of the Kyrgyz
Cabinet of Ministers' action plan under the National Development
Program until 2026. This initiative follows agreements made during
state visits to China between 2022 and 2024. Approximately 77.9
million soms ($896,464) will be allocated from the Kyrgyzstan
budget for the creation of the new checkpoint.
The new checkpoint is planned to be opened in September
2024.
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