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Expected to expand trade with Central Asia: Ministry of Commerce of China

Chinese government officials and experts will strengthen economic and trade cooperation between the five Central Asian countries and the member states of the Shanghai Cooperation Organization (SCO), further leveraging the potential of trade and economic complementarity, especially in such areas. Is expected. As energy and green development.

The country’s Ministry of Commerce said it would work with the Ministry of Economy and Trade in Kazakhstan, Kirghistan, Tajikistan, Turkmenistan and Uzbekistan to promote economic and trade cooperation.

According to official Chinese media reports, Wang spoke at the virtually recent China-Central Asia Economic and Trade Cooperation Forum to celebrate the 30th anniversary of diplomatic relations between China and the five Central Asian countries.

Chinese government officials and experts will strengthen economic and trade cooperation between the five Central Asian countries and the member states of the Shanghai Cooperation Organization (SCO), further leveraging the potential of trade and economic complementarity, especially in such areas. Is expected. As energy and green development.

“Over the last three decades, China and the five Central Asian countries have deepened practical economic and trade cooperation. We have established a comprehensive, energetic and mutually beneficial economic and trade relationship. “The king said.

The forum presented an initiative on quality and sustainable development of economic and trade cooperation between China and Central Asia. A broad agreement has been reached to jointly expand cooperation in areas such as trade, investment and green development.

Mr. Zhou proposed that China and those countries strengthen their cooperation on digital economy and energy such as oil and gas trade, petrochemical processing and carbon emission control.

“Such efforts are key not only for them to further exploit the potential of the industry, but also for China to strengthen the relevant development momentum of its economy,” he added.

Mr Wang said China’s trade with five Central Asian countries has skyrocketed more than 100 times over the last three decades.

According to Wang, direct investment from China into five countries has exceeded $ 14 billion, and many major projects are underway to help upgrade industries, build interconnects and improve livelihoods.

In the first 11 months of 2021, total trade between China and the five countries increased 25% year-on-year to $ 44.6 billion, according to MOC data.

The value between China and Kyrgyzstan grew fastest at 131% to $ 6.3 billion. For Kazakhstan, China’s largest trading partner of the five countries, this figure increased by 15% to $ 23 billion.

The ministry has also launched a livestreaming e-commerce campaign to help SCO member countries export specialty products to China. This event is part of a nearly month-long national online shopping gala that lasts until February 7th for the upcoming Chinese New Year holidays.

Fiber2Fashion News Desk (DS)



Expected to expand trade with Central Asia: Ministry of Commerce of China

Source link Expected to expand trade with Central Asia: Ministry of Commerce of China

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