Uzbekistan and Hainan Agree to Develop Trade Ties
Uzbekistan and China’s Hainan Province have agreed to develop trade and investment projects. Following a business forum, the parties signed a memorandum of understanding.
In Tashkent, the Chamber of Commerce and Industry of Uzbekistan and the Committee of the China Council for the Promotion of International Trade of Hainan Province held a business forum titled 'Hainan Free Trade Port – Trade and Economic Exchange with Tashkent.'
The meeting was attended by representatives of ministries and agencies from both countries, entrepreneurs, investors, and lawyers. Participants discussed areas of cooperation in trade, investment, and industrial collaboration.
The Chinese delegation was presented with conditions for foreign investors in Uzbekistan, as well as opportunities in free economic zones and technoparks. Additionally, participants were informed about the Tashkent International Financial Center and residents of IT Park.
Representatives of Hainan expressed interest in joint projects in agricultural product processing, mechanical engineering, new energy, and tourism. Companies Hainan NicePow Industry, Dehang, and Huali presented investment and business proposals.
Separately, the parties considered the cultivation and processing of agricultural products, increasing export potential, and developing international trade. The agenda also included legal support for entrepreneurs and expanding industrial cooperation.
Following the forum, a memorandum of understanding was signed by the Chamber of Commerce and Industry of Uzbekistan, the Committee of the China Council for the Promotion of International Trade of Hainan Province, and the Hainan International Chamber of Commerce. The document provides for strengthening business ties, expanding direct contacts between entrepreneurs, and developing new trade and investment projects.
