Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan and China's Hainan province have agreed to strengthen business ties and develop joint trade and investment projects, the press service of Uzbekistan's Chamber of Commerce and Industry reported.
A business forum titled “Hainan Free Trade Port – Trade and Economic Exchange with Tashkent” was held in Tashkent.
The event was organised by Uzbekistan's Chamber of Commerce and Industry and the Hainan Provincial Committee of the China Council for the Promotion of International Trade.
Representatives of ministries and government agencies from both countries, as well as entrepreneurs, investors and legal professionals, took part in the forum. They discussed potential areas for mutually beneficial cooperation.
The Chinese delegation was briefed on investment conditions for foreign businesses in Uzbekistan, the operations of free economic zones and technology parks, and opportunities offered by the Tashkent International Financial Centre and IT Park residents.
Hainan representatives expressed interest in joint projects involving agricultural processing, mechanical engineering, new energy and tourism.
Companies Hainan NicePow Industry, Dehang and Huali presented their investment and business proposals.
Participants also discussed agricultural production and processing, industrial cooperation, ways to increase export potential and the development of international trade. Legal support for business activities was another focus of the forum.
Following the meeting, Uzbekistan's Chamber of Commerce and Industry, the Hainan Provincial Committee of the China Council for the Promotion of International Trade and the Hainan Chamber of International Commerce signed a memorandum of understanding.
The document aims to strengthen bilateral business ties, expand direct contacts between entrepreneurs and develop new trade and investment projects.
