This was announced at the meeting of the President of Uzbekistan Islam Karimov with the Minister of Commerce Chen Deming and the management of the leading Chinese companies and banks.

During the meeting, the sides discussed prospects of implementation of projects in the sphere of high technologies and attracting Chinese investment in priority sectors of the economy of Uzbekistan.

Minister of Commerce and the leading representatives of Chinese business noted the relevance and importance of the Intergovernmental agreement on the protection and promotion of investments signed during the visit.

The management of the Eximbank and the State Bank of China highlighted the high level of stability and reliability of the banking system of Uzbekistan, which was again proved during the global financial crisis.

The leading Chinese banks confirmed their readiness to finance joint projects and informed that during the visit they opened new credit lines to four Uzbek banks for US$1.5 billion for implementation of joint investment projects.

The People’s Bank of China and the Central Bank of Uzbekistan also signed an Agreement on currency swap in soums and yuans, which significantly expands the possibilities of investment and trade cooperation.