New Investment and Trade Agreements Signed Between Uzbekistan and China
2025-05-25 17:00:00 / News
On May 23, a signing ceremony for a number of investment and trade agreements took place at the Hilton Hotel in Tashkent as part of the official visit of a delegation from Fujian Province of the People’s Republic of China to Uzbekistan.
Fujian Province, known as China’s footwear capital, is one of the country's most economically developed regions. Its GDP in 2024 reached approximately USD 800 billion.
The ceremony was attended by Deputy Minister of Investment, Industry, and Trade of the Republic of Uzbekistan Khurram Teshabayev, Governor of Fujian Province Zhao Long, as well as representatives of leading business communities and associations from both countries.
As part of the event, over 20 agreements were signed with major Chinese companies such as Xiamen ITG Group, Fujian Xinwancheng Investment, Fujian Sitong Stone Company, and Fuzhou Fuqiang Precision. These agreements aim to expand mutually beneficial cooperation in priority areas including the production of construction materials, mining, textiles, automotive manufacturing, and more.
Specifically, the agreements cover areas such as yarn export, the establishment of joint industrial parks, construction of commercial facilities, production of automotive components, and the construction of a cotton processing plant.
Additionally, a Memorandum of Understanding was signed between the Agency for Attracting Foreign Investment and the organizers of the China International Fair for Investment and Trade (CIFIT). The memorandum outlines cooperation in attracting investors to Uzbekistan and promoting large-scale investment projects among international companies.
Uzbekistan has received an official invitation to participate with a national pavilion at the 25th edition of CIFIT, scheduled for September 8–11, 2025, under the theme: “Expanding Bilateral Investment, Promoting Global Development.”
The China International Fair for Investment and Trade (CIFIT) has been held annually since 1997 in the city of Xiamen, Fujian Province, under the decision of the State Council of the People's Republic of China. The event spans 100,000 square meters and serves as a platform to showcase the investment and export potential of countries and companies.