Representatives from Uzbekistan and Hainan Province of China agreed to strengthen business relations and develop joint projects in the fields of trade and investment, according to the press service of the Chamber of Commerce and Industry of Uzbekistan.
A business forum titled 'Hainan Free Trade Port – Trade and Economic Exchange with Tashkent' was held in Tashkent. The event was organized by the Chamber of Commerce and Industry of Uzbekistan and the Provincial Committee of Hainan of the China Council for the Promotion of International Trade.
Representatives from ministries and state agencies of both countries, as well as entrepreneurs, investors, and lawyers, took part in the forum. Participants discussed potential areas for mutually beneficial cooperation.
The Chinese delegation received information on investment conditions for foreign companies in Uzbekistan, the operation of free economic zones and technology parks, as well as opportunities provided by residents of the Tashkent International Financial Center and the IT Park.
Hainan representatives expressed interest in joint projects related to agricultural processing, mechanical engineering, new energy, and tourism. Companies Hainan NicePow Industry, Dehang, and Huali presented their proposals for investment and business.
Participants also discussed issues of agricultural production and processing, industrial interaction, methods for increasing export potential, and the development of international trade. Special attention at the forum was paid to legal support for business activities.
At the end of the meeting, the Chamber of Commerce and Industry of Uzbekistan, the Provincial Committee of Hainan of the China Council for the Promotion of International Trade, and the Hainan Chamber of Commerce signed a memorandum of understanding. This document aims to strengthen bilateral business ties, activate direct contacts between entrepreneurs, and promote the creation of new trade and investment projects.
