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    Kyrgyzstan

    Kyrgyzstan, China aim to boost trade to $45bn by 2030

    Kyrgyzstan, China aim to boost trade to $45bn by 2030

    Increasing the volume of trade turnover between Kyrgyzstan and China to $45bn by 2030 was a key topic of discussion during a meeting between Kyrgyz Deputy Prime Minister Bakyt Torobaev and Xingrui Ma, a member of the Politburo of the Central Committee of the Communist Party of China, in Urumqi.

    Photo: Kyrgyzstan and China discuss boosting trade
    Source: Cabinet of Ministers

     

    The officials reviewed the progress of bilateral agreements signed during Kyrgyz President Sadyr Japarov’s state visit to China in February, where over 20 documents were formalized in discussions with Chinese President Xi Jinping. They emphasized the need to accelerate the implementation of these agreements to strengthen economic ties.

    One of the priorities discussed was the expedited construction of the Bedel checkpoint on the Kyrgyz-Chinese border, along with the Barskoon–Bedel–Uchturfan–Aksu highway. China had previously committed a $41.4mn grant, which was proposed for use in the Bedel checkpoint project. The modernization of the Torugart and Irkeshtam checkpoints was also highlighted as essential for enhancing bilateral trade.

    Torobaev outlined Kyrgyzstan’s ongoing economic reforms, citing a 9% GDP growth rate over the past three years, a threefold increase in the state budget, and intensified efforts to combat corruption and organized crime.

    Xingrui Ma noted that recent years have been the most favorable period in Kyrgyz-Chinese relations and reaffirmed China’s commitment to increasing investment in Kyrgyzstan. He also welcomed the successful border delimitation between Kyrgyzstan and Tajikistan, emphasizing its importance for regional stability.

    The meeting also covered the need to accelerate the launch of new flight routes between Urumqi and Osh, as well as Kashgar and Osh, to facilitate trade, tourism, and cultural exchanges.

    To ensure swift implementation of previously reached agreements, both sides agreed to establish a working mechanism for cooperation between Kyrgyzstan and XUAR.

     

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    17 March, 12:01   Comments (0)   1005
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