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Economy 08/06/2012 Uzbekistan, Chine ink agreements for US$5.2bn
Uzbekistan, Chine ink agreements for US$5.2bn
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan and China signed over 40 trade-economic, investment and finance agreements and contracts totaling US$5.2 billion.

The deals were reached during an official visit of the President of Uzbekistan Islam Karimov to China.

The signed documents envisage the execution of new, wide-ranging schemes in exploration, transportation and reprocessing of crude hydrocarbons, production of new types of chemical goods in demand in the world market. In addition, a range of other projects are envisioned in hi-tech sectors like electronics and electrical engineering, information technologies and telecommunications, pharmaceuticals and construction materials.

The two sides reaffirmed their interest in building up the volumes of bilateral trade. Such strategically vital goods as cotton, uranium, natural gas, rare and non-ferrous metals are to be supplied to China, as the deals stipulate.

One of the key directions of interaction to fully suit the interests of the entire region is the development of transport and communications. In this regard, the two sides expressed comprehensive support for a soonest execution of the project to construct the China-Kyrgyzstan-Uzbekistan railway designed to secure a shortest transport route from the PRC to Central and South Asia.

It was said that promising prospects are abundant for fostering the investment cooperation in hydrocarbon, oil and chemical, chemical, mining industries, transport and logistics, mechanical engineering, telecommunications.

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