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China, Uzbekistan Set USD30B Trade Target as Xi Meets Mirziyoyev
(MENAFN) China and Uzbekistan have agreed to nearly double their bilateral trade to $30 billion in the coming years, the Uzbek president's office announced Monday.
The pledge emerged from talks between Chinese President Xi Jinping and Uzbek President Shavkat Mirziyoyev, held on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, Kyrgyzstan, according to the statement.
Trade between the two nations hit $18 billion last year. Their combined portfolio of active joint investment projects now stands at roughly $60 billion, with more than 6,000 joint ventures currently operating inside Uzbekistan.
During the meeting, the two leaders explored avenues for deepening trade, economic and investment ties, voicing confidence that bilateral commerce would keep expanding. As part of that effort, they agreed to boost mutual exchanges of industrial and agricultural goods and to encourage greater participation by Uzbek firms in Chinese trade exhibitions.
Xi and Mirziyoyev also backed the continuation of a structured Strategic Dialogue between their foreign ministries and pledged to strengthen inter-parliamentary relations further.
Both sides flagged priority sectors for expanded cooperation, including energy, chemicals, metallurgy, construction materials, food production, transport, infrastructure, agriculture and high technology — while also committing to cultivate emerging growth areas such as the digital economy, mining, and mineral resource development and processing.
Uzbekistan reiterated its firm backing of the "One China" policy and its ongoing commitment to combating the "three forces of evil."
The two countries are set to mark the 35th anniversary of diplomatic relations next year.
Separately, Xi held talks with Mongolian President Ukhnaa Khurelsukh, according to Beijing-based Xinhua News Agency. The Chinese leader said Beijing stands ready to work with Mongolia to unlock new areas of growth, pursue mutually beneficial cooperation, and advance together along their respective paths toward modernization.
The pledge emerged from talks between Chinese President Xi Jinping and Uzbek President Shavkat Mirziyoyev, held on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, Kyrgyzstan, according to the statement.
Trade between the two nations hit $18 billion last year. Their combined portfolio of active joint investment projects now stands at roughly $60 billion, with more than 6,000 joint ventures currently operating inside Uzbekistan.
During the meeting, the two leaders explored avenues for deepening trade, economic and investment ties, voicing confidence that bilateral commerce would keep expanding. As part of that effort, they agreed to boost mutual exchanges of industrial and agricultural goods and to encourage greater participation by Uzbek firms in Chinese trade exhibitions.
Xi and Mirziyoyev also backed the continuation of a structured Strategic Dialogue between their foreign ministries and pledged to strengthen inter-parliamentary relations further.
Both sides flagged priority sectors for expanded cooperation, including energy, chemicals, metallurgy, construction materials, food production, transport, infrastructure, agriculture and high technology — while also committing to cultivate emerging growth areas such as the digital economy, mining, and mineral resource development and processing.
Uzbekistan reiterated its firm backing of the "One China" policy and its ongoing commitment to combating the "three forces of evil."
The two countries are set to mark the 35th anniversary of diplomatic relations next year.
Separately, Xi held talks with Mongolian President Ukhnaa Khurelsukh, according to Beijing-based Xinhua News Agency. The Chinese leader said Beijing stands ready to work with Mongolia to unlock new areas of growth, pursue mutually beneficial cooperation, and advance together along their respective paths toward modernization.
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