Economic Cooperation

Uzbekistan attaches high priority to further strengthening the strategic partnership with China, expanding multifaceted trade, economic, investment and financial cooperation between two countries based on the principles of mutual benefit, interests and equality.

According to the Economic and Trade Agreement (1992) a Most Favored Nation Treatment was established between two countries. China is one of the leading trade partners for Uzbekistan.

In 2023 trade turnover totalled $14 billion.

Investment partnership carried out within the framework of the Cooperation Program in the non-primary and high-tech fields, signed between the Governments of Uzbekistan and China in 2010.

A number of Chinese companies are actively involved in projects of exploration and development of hydrocarbon fields as well as deep processing of natural gas in the country.

Uzbekistan supports the implementation of projects for the construction of the pipeline "Uzbekistan-China" and railway "China-Kyrgyzstan-Uzbekistan".

Two countries are developing cooperation in the financial sector, in particular with the China Development Bank and Export-Import Bank of China.

The number of joint ventures in Uzbekistan reached more than 2500.