A Uzbek-Chinese business forum was held in Tashkent, attended by the Ministry of Investments, Industry, and Trade of Uzbekistan and a delegation from the Inner Mongolia Autonomous Region of China.
Discussion of Cooperation
During the event, the parties discussed prospects for expanding trade, economic, and investment cooperation, as well as opportunities for implementing new joint projects. The forum gathered representatives of state and industry structures, as well as 22 Chinese companies operating in fields such as metallurgy, energy, logistics, biotechnology, automotive manufacturing, food industry, and others.
Dynamics of Bilateral Trade
Participants noted a significant growth in trade turnover between Uzbekistan and China, which has tripled over the past five years and is expected to approach $18 billion USD by the end of 2025. Over the same period, the volume of direct Chinese investment increased fivefold, reaching $17 billion USD. Currently, more than 6,000 enterprises with Chinese capital operate in Uzbekistan.
Prospects for Joint Projects
Forum participants examined potential areas for joint initiatives, including mining, green energy, agriculture, healthcare, high technology, industrial cooperation, and the production of export-oriented goods. The forum concluded with the creation of a platform for establishing new business contacts, developing investment plans, and promoting joint projects between companies from both countries.