TASHKENT, Uzbekistan, July 29. Uzbekistan and
China opened the Samarkand-Nanjing trade house, Trend reports.
According to the administration of the Samarkand region, the
delegation led by the regional governor joined in on the
festivities to celebrate the grand opening.
The participants noted that the new trading house will bring the
products of local producers from Samarkand to the Chinese market,
attracting tourists and Chinese investors to Samarkand.
Meanwhile, Uzbekistan’s foreign trade turnover volume with China
amounted to $5.8 billion from January through June 2024. This
figure is 9.4 percent higher year-on-year ($5.3 billion in
January–June 2023).
China ranks first among the countries with the largest volume of
foreign trade turnover in Uzbekistan. The country’s share in the
total volume of trade turnover in Uzbekistan accounts for 18.5
percent.
Apart from China, Uzbekistan is going the extra mile to do
likewise with Mongolia to establish trade houses in their
respective countries soon. For this purpose, both countries decided
to prepare an agreement on preferential trade in certain types of
goods and proposals to facilitate market access.