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03-07-06, 20:47
A delegation of Xinjiang Uygur Autonomous Region led by deputy chairman of department on foreign trade and economic cooperation Li Zhdin Yuan [transliterated] is paying visit to Uzbekistan.

The Chamber of Commerce and Industry of Uzbekistan organised the visit to continue development of bilateral relations between Uzbek and Chinese businesses, as well as attraction of Chinese investments in development of production at small and private businesses.

The delegation included 16 people, including head of departments and bodies of Xinjiang Uygur Autonomous Region, head of large Chinese companies, engaged in production of construction, textile, food and other industries.

On 3 July, a cooperation exchange between Uzbek and Chinese businesses was held at the Hotel Dedeman Silk Road. The sides had opportunity to discuss perspectives of business cooperation and attraction of foreign investments.

In accordance with trade-economic agreement, signed between Uzbekistan and China in January 1992, the countries set the most favourable regime.

Zhan Di [transliterated], secretary on trade-economic issue of Chinese Embassy in Uzbekistan, said the Chinese investments to Uzbekistan is small, but China supports Chinese companies, working in Uzbekistan.

He said according to the statistics for last years, the foreign investments of China to Uzbekistan comprised US$30 million and added that it is small figure and said the sides should make efforts to increase potential.

Li Zhdin Yuan said Xinjiang Uygur Autonomous Region and Uzbekistan has wide opportunities in economic cooperation, establishment of partnership relations in petrochemical industry, joint utilisation of natural resources.

China is one of the largest trade partners of Uzbekistan. Trade turnover between countries comprised US$485.5 million in 2005 and US$196.1 million in the first quarter of 2006. Some 83 companies with Chinese investments operate in Uzbekistan, of which 19 have 100% Chinese investment.

Chamber of Commerce and Industry of Uzbekistan said in its release that within the framework of the visit, the delegation will visit Chinese embassy in Uzbekistan, met leadership of Chamber of Commerce and Industry of Uzbekistan, organisations in Samarkand, Bukhara, Khiva, Samarkand regions and Tashkent city.

The delegation will also held meetings and negotiations with leadership of enterprises and companies of Samarkand, Bukhara, Termez and Tashkent, where will be presented investment and export potentials of various sectors of Uzbekistan. The sides will also considered issues on current affairs and perspectives of trade-economic cooperation between businesses of two states.

Situated in the northwest of China, Xinjiang Uygur Autonomous Region was known in China as the Western Territory in ancient times.

Its 1.66 million square kilometers represent about one-sixth of the total territory of the country, making it the largest of China's regions and provinces.

Xinjiang also has the longest boundary among China's provinces and autonomous regions and shares 5,600 kilometers of frontier with Mongolia in the northeast, then Russia, Kazakhstan, Kyrgyzstan and Tajikistan in the west, and then Afghanistan, Pakistan and India in the southwest.

http://business.uzreport.com/uzb.cgi?lan=e&id=14141