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Trade turnover between Uzbekistan and China exceeds US$4bn

14 February 2014

Trade turnover between Uzbekistan and China exceeded US$4 billion in 2013, spokesman of Ministry of Commerce (MOC) of China Yao Jian said.

Xinhua agency reported quoting Yao Jian said that trade turnover between two nations grew by 58.3% year-on-year in 2013.

Yao Jian stated that trade turnover between Uzbekistan and China exceeded US$4 billion for the first time.

He underlined that it is expected that bilateral trade turnover between two states will reach US$5 billion point by 2017.

Chinese official said that China is interested in participation in projects on developing thermal power stations and non-traditional source of energy in the Central Asian states.

Yao Jian said that the Chinese official will adopt necessary measures to simplify trade and investments, spread electronic forms of trade and use of yuan in bilateral trade with Central Asian states.

China is ready to export of high technologic and machinery products to boost investment and technical-economic cooperation with Central Asia, he said.

China is also hopes to develop trade of raw oil and natural gas with the Central Asian states along with imports of agriculture products.