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Uzbekistan, China may establish joint technological industrial park

ICT Materials 18 July 2020 11:00 (UTC +04:00)
Uzbekistan, China may establish joint technological industrial park

BAKU, Azerbaijan, July 18

By Ilkin Seyfaddini - Trend:

Representatives of the Embassy of Uzbekistan in China held talks with President of China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) Zhang Yujing, Trend reports with reference to Dunyo News Agency.

During the meeting, the head of the Chinese Chamber of Commerce noted the rapid development of Сhinese-Uzbek trade, economic and investment ties, as well as cooperation in other areas. According to him, Uzbekistan is becoming one of the most priority countries, which is in the focus of the chamber attention.

"Zhang Yujing pointed to the great unrealized potential of cooperation, which exists despite the longstanding relations between the two countries, and urged to intensify contacts at government and business levels in order to identify prospects and develop mutually beneficial positions," the message said.

The sides expressed willingness to expand bilateral cooperation for the implementation of large investment projects in the field of electrical goods production.

During the videoconference, Uzbek side submitted project proposals developed by Uzeltekhsanoat Association (Uzbek Electrotechnical Industry) on the organization of electronic equipment production in Uzbekistan including printed circuit boards, electric motors of various capacities, photovoltaic panels, computer and office equipment, compressors for household appliances, alternators and other electrical products.

At the same time, the Uzbek side proposed to consider the possibility of creating an Uzbek-Chinese technological industrial park in Uzbekistan, which will provide for the establishment of full-cycle production of household and electrical products.

Following the talks, the two sides agreed to discuss the concept of Uzbek-Chinese Technological Industrial Park project and hold online discussions on details of joint projects.

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) is a nationwide industrial and non-profit organization. It was established under the Ministry of Commerce of China in cooperation with various economic and industrial organizations specializing in manufacturing, importing, exporting and other related activities in the field of mechanical engineering and electrical industry.

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