Agrobank and ICBC sign framework agreement on cooperation development

Tashkent, Uzbekistan ( -- Agrobank and Industrial Commercial Bank of China (ICBC) signed a framework agreement on development of cooperation.

The document was signed within the framework of the One Belt, One Road Initiative and aims to support the relationship between entrepreneurs of Uzbekistan and China by providing long-term loans, expanding economic and trade relations, and developing investment activities of the two strategic partner countries.

Under the agreement, the document will attract funds for implementation of major investment projects that have the potential to develop business in the two countries, including the purchase of modern equipment and technologies, equipment and electronic devices, as well as exploration and exploitation of natural resources, energy exploration, construction work and

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