BAKU, Azerbaijan, May 18. China and Uzbekistan have concluded agreements with a total worth of $25 billion, following the joint business forum, Trendreports, citing the press service of the President of Uzbekistan.
This was revealed during the meting between Uzbek President Shavkat Mirziyoyev, who is on a visit in China, and Chinese President Xi Jinping.
The sides discussed the implementation of a comprehensive investment and technological cooperation program for the development of alternative energy. This program includes the construction of solar, wind, and hydroelectric power plants, as well as the production of photovoltaic panels, electrical equipment, transformers, and batteries. It also in volves digitalization of management systems and the training of specialists in the field.
Discussions have taken place regarding the potential deepening of cooperation in the production of next-generation automobiles, including the establishment of modern factories for the production of electric and hybrid vehicles.
The importance of exploring projects in related industries has been emphasized, particularly the creation of a high-tech cluster for the production of electrical products through the deep processing of copper, lithium, and rare earth metals.
Furthermore, mutual interest has been highlighted in deepening and expanding cooperation in the production of plastics, chemical products, metal products, food items, construction materials, finished textiles, and the establishment of a biotechnology cluster, among others.
The current level of fruitful financial and technical cooperation with leading Chinese banks, the Silk Road Fund, and the Asian Infrastructure Investment Bank has been highly praised by the two presidents.