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Uzbekistan Intends to Continue Increasing the Supply of Raw Materials to China

Uzbekistan intends to increase the supply of raw materials to China in the medium term, noted on Monday Deputy Prime Minister of Uzbekistan, Finance Minister Rustam Azimov at the Uzbek-Chinese business forum in China’s Rizhao.

“The Uzbek side is ready to continue increasing the supplies to the Chinese market of cotton, fertilizers, uranium concentrate, natural gas, non-ferrous, rare metals and other products necessary for the fast-growing Chinese economy,” Deputy Prime Minister said.

According to him, over the past six years, the volume of trade turnover between the two countries has grown almost five fold, and in 2014 reached $ 4.7 billion. This increase is due in particular to the implementation of the agreement on a long-term strategic trade, signed in 2009.

Azimov noted that within the intergovernmental program of cooperation in non-oil and high-tech areas Uzbekistan is also interested in further diversification and expansion of the range of trade, joint manufacture and sale of products, including in third countries.
 

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