Uzbekistan, China strengthen mining sector co-op with fresh investment fund proposal

Uzbekistan, China strengthen mining sector co-op with fresh investment fund proposal

Shorouk Express Uzbekistan, China strengthen mining sector co-op with fresh investment fund proposal

TASHKENT, Uzbekistan, July 29. A meeting was
held under the leadership of Omonullo Nasritdinkhodjaev, First
Deputy Minister of the Ministry of Mining and Geology of
Uzbekistan, with representatives from Chinese companies within the
Association of Chinese Entrepreneurs in Uzbekistan, Trend reports.

The primary topic of discussion was a proposal by the Chinese
delegation to establish a $500 million investment fund aimed at
advancing cooperation in the mining and geological sectors.

The meeting also reviewed the outcomes of the recent forum on
green minerals held in Tashkent. The Chinese partners tipped their
hats to the successful organization of the event and underscored
its importance in tightening the bonds between the two
countries.

Key areas for collaboration were identified, including joint
research initiatives, the formation of expert working groups,
harmonizing environmental standards, and developing training
programs for skilled personnel. Moreover, the talks revolved around
the idea of pushing green financing as a way to back sustainable
practices in the mining sector.

The Uzbek delegation articulated a robust enthusiasm for these
initiatives, indicating a mutual dedication to propelling
sustainable mining methodologies and augmenting bilateral
synergies.

This development comes amid growing economic ties between the
two countries. Bilateral trade exceeded $13 billion in the previous
fiscal year, with both nations reaffirming their goal of reaching a
$20 billion trade target, as set by their respective leaders.

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