19.05.2023, 15:12 51096

Six countries signed memoranda on strengthening trade and economic cooperation and the development of digital trade in the Central Asia–China format

Six countries signed memoranda on strengthening trade and economic cooperation and the development of digital trade in the Central Asia–China format
Images | Ministry of Trade and Integration
On the sidelines of the «Central Asia - China» summit held in Xi'an, China, the Ministry of Commerce of the People's Republic of China, the Ministry of Trade and Integration of the Republic of Kazakhstan, the Ministry of Economy and Commerce of the Kyrgyz Republic, the Ministry of Economic Development and Trade of the Republic of Tajikistan, the Ministry of Trade and Foreign Economic Relations of Turkmenistan and the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan signed two the memorandum, press service of the Ministry of Trade and Integration reports.

The Memorandum on strengthening trade and economic cooperation documents the readiness of the participants to systematically increase the scale of mutual trade and promote the diversification of its commodity structure, expand practical cooperation in various areas, continuously promote simplification of procedures and reduction of trade barriers, improve the quality and level of trade and economic cooperation. The Chinese side is ready to continue increasing imports of high-quality products from Central Asian countries.

The Memorandum of Understanding on cooperation in the field of digital trade defines the intentions of the parties to strengthen and diversify cooperation in digital trade. The parties agreed to make efforts to develop cooperation in the development of digital transformation solutions in manufacturing, retail, agriculture, transport, healthcare, education, finance and other industries. To develop practical cooperation in the fields of cloud services and cross-border e-commerce.

These documents were previously worked out and prepared for signing at the upcoming summit during the first meeting of the Ministers of Foreign Economic Activity of the Central Asian countries and China, held online on April 18, 2023.
 

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