The International Trade Council (ITC) welcomes the recent pledge between China and Uzbekistan to improve bilateral trade balances and to intensify cooperation. The agreement, concluded during the China-Central Asia Summit, signifies a strong commitment towards mutual economic prosperity and solidifies the strategic partnership between the two nations.
Following discussions between Chinese President Xi Jinping and Uzbek President Shavkat Mirziyoyev, both countries issued a comprehensive joint statement containing 28 points outlining their shared ambitions for trade and bilateral relations.
Key areas of cooperation include mutual exploration of new growth areas for bilateral trade, with China expressing willingness to expand its import of quality agricultural products from Uzbekistan and accelerate the process of granting licenses for those products. The ITC supports this initiative as a testament to the promotion of fair and responsible global trade practices.
Energy cooperation has been underscored as a crucial element of their bilateral relations, with Chinese companies invited to participate in solar energy, wind power, and hydro projects in Uzbekistan. This move aligns with global efforts to enhance sustainable energy production and reflects the broader commitment to address climate change.
The agreement to streamline visits between the two countries further bolsters these bilateral ties. China’s appreciation for Uzbekistan’s policy of visa-free stays for Chinese citizens and its expressed intention to make entry more accessible for Uzbek citizens signifies a positive advancement in diplomatic relations and people-to-people connections.
However, as the international community continues to grapple with the illegal invasion of Ukraine by Russia, the ITC urges China to extend its global leadership role by supporting the West’s sanctions and initiatives designed to restore peace and stability in Ukraine.
The ITC remains dedicated to promoting equitable trade practices and responsible global cooperation. We are optimistic about the potential of the newly enhanced China-Uzbekistan bilateral relationship to contribute positively to global economic growth and stability.