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Uzbekistan appreciates beneficial partnership with China

2 December 2014 11:56 (UTC+04:00)
Uzbekistan appreciates beneficial partnership with China

By Aynur Jafarova

Uzbekistan appreciates the open and trusting nature of its equal and mutually beneficial partnership with China, Uzbek President Islam Karimov said.

He made this remark at a meeting with Member of the State Council and China's Public Security Minister Guo Shengkun on December 1.

During the meeting, Shengkun noted his country is interested in further expansion and development of cooperation with Uzbekistan.

They said the two countries attach great importance to the development of cooperation as part of the Shanghai Cooperation Organization, and further intensification of joint efforts to combat emerging threats and challenges is the main area of bilateral cooperation aimed at strengthening regional security.

The sides also exchanged views on expanding bilateral multifaceted relations.

Uzbekistan and China are developing cooperation in a number of sectors including oil, gas, petrochemical, chemical, and mining industries, as well as transport and logistics, manufacturing, telecommunications, production of electrical technology, and modern construction materials.

China is one of Uzbekistan's largest trade partners. The trade volume between the two countries has increased by almost 6 times in the past 6 years, amounting to $5.2 billion in 2013. This figure stood at $2.163 billion in the first half of 2014.

Some 482 joint ventures with the Chinese capital, as well as the representative offices of more than seventy Chinese companies, are operating in Uzbekistan.

Uzbekistan and China are implementing the projects in the energy sector by investing $2.8 billion. Some $2.5 billion or 90 percent of this amount are direct investments.

The Chinese companies are also involved in the exploration and exploitation of deposits of hydrocarbons, uranium, and other precious materials, as well as the gas chemical complex in Mubarek and other high-tech industries in Uzbekistan.

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