Business ties between Uzbekistan and China are strengthening

On April 19, as part of a visit to our country by a delegation led by the head of the Shandong Port Group of the People’s Republic of China, a meeting of business circles of Uzbekistan and China was held in Tashkent, aimed at developing cooperation in the field of transport and logistics. It was reported by “UzDaily.uz”.

The event is organized by the Embassy of the People’s Republic of China in the Republic of Uzbekistan and the Shandong Port Group with the assistance of the Chamber of Commerce and Industry of Uzbekistan.

The event was attended by the heads of the largest ports in Shandong province, representatives of the Embassy of the People’s Republic of China in the Republic of Uzbekistan, the Chamber of Commerce and Industry of Uzbekistan, the Association of International Road Carriers of Uzbekistan, the Economy Assembly of Uzbekistan, the Tashkent city administration and other organizations.

During the event, detailed information was provided on the wide opportunities created for entrepreneurial and investment activities in Uzbekistan, reforms to create economic freedom and legal support for entrepreneurship, the tourism potential of our republic and prospects for cooperation with China in the logistics and transport sectors.

Also, presentations and videos about Shandong ports and the investment potential of Uzbekistan were presented to the attention of the forum participants.

In addition, B2B negotiations were also held as part of the business forum program, during which entrepreneurs and investors were able to establish direct ties, find points of intersection of interests and discuss new promising projects in the logistics sector.

It is worth noting that the foreign trade turnover between Uzbekistan and China amounted to 4.8 billion US dollars in 2017 and reached 8.9 billion US dollars in 2022, thereby increasing by 185%. In particular, the increase in exports amounted to 23.4%, and imports – 134.7%.