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    Kyrgyzstan

    Kyrgyzstan and XUAR sign electronic commerce agreement

    Kyrgyzstan and XUAR sign electronic commerce agreement

    The Cabinet of Ministers of Kyrgyzstan and the People's Government of the Xinjiang Uygur Autonomous Region (XUAR) of China, aimed at expanding cooperation between the postal services of the two nations. The accord is expected to foster cross-border electronic commerce and enhance the efficiency of expedited mail processes, ultimately facilitating smoother border controls for international mail and the transportation of goods in international electronic commerce as per to the Kyrgyz Republic's Ministry of Economy's press service.

    Photo: The Cabinet of Ministers of Kyrgyzstan and the People's Government of the Xinjiang Uygur Autonomous Region (XUAR) of China, aimed at expanding cooperation between the postal services of the two nations, August, 2023
    Source: Kabar

    The agreement was formally established following negotiations between Akylbek Zhaparov, the head of the Cabinet of Ministers of the Kyrgyz Republic, and Ma Xingrui, a member of the Politburo of the Central Committee of the Communist Party of China and Secretary of the Party Committee of the Communist Party of the XUAR of China.

    Central to the agreement is the development of cross-border electronic commerce, which has seen rapid growth due to the surge in online transactions. The expansion aims to facilitate the smooth movement of goods across borders, reducing delays and simplifying border control procedures. The agreement aligns with the increasing importance of e-commerce and digital trade, given the global shift towards online shopping and trade.

    The Kyrgyzstan was represented by Minister of Economy and Commerce Daniyar Amangeldiev, who signed the document, underscoring Kyrgyzstan's commitment to enhancing its economic relations with China.

    One of the primary goals of this agreement is to strengthen the friendly relations between Kyrgyzstan and China, fostering economic cooperation grounded in the principles of mutual benefit and equality. Additionally, the agreement seeks to create an environment conducive to the comprehensive growth of trade between the two countries.

    Moreover, the accord holds the potential for joint collaboration on the development of e-commerce, leveraging China's substantial expertise and advancements in cross-border e-commerce. China's experience in this domain has made it a leader in global e-commerce practices.

    As cross-border trade and e-commerce continue to shape the international economic landscape, this agreement signals a strategic move by both Kyrgyzstan and China to capitalize on emerging opportunities, foster closer economic ties, and streamline the movement of goods across their borders.

    Earlier Daryo reported that Kyrgyzstan's "Dilaram" sanatorium is set to be transferred to Uzbek investors, as stated by Kanatbek Turgunbekov, Director of the State Agency for State Property Management.

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    18.08.2023, 20:15   Comments (0)   1162
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