NEWS

Uzbek exports to Europe grew up by 86%

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Trade turnover between Uzbekistan and the countries of the European Union (EU) showed growth by 22%, while exports from Uzbekistan to the EU by 86%, in the first five months of 2022.
Chemical products (6-fold growth), textiles (90% growth) and food products (65% growth) were among the product categories that showed the greatest increase.
Uzbekistan achieved this in 2021 as a beneficiary of the EU’s Generalized System of Preferences GSP+.
A meeting between Deputy Prime Minister – Minister of Investments and Foreign Trade Sardor Umurzakov and the Chief Advisor to the President of the Council of Europe on Foreign Policy Simon Mordu took place in Brussels. The results of the visit of the EU monitoring mission to Uzbekistan within the framework of the GSP+ system were discussed and further measures to ensure compliance with the requirements of all 27 international conventions ratified by the country in order to use its advantages as a beneficiary of this system were identified by the parties in the course of the meeting.
The Uzbek side thanked the EU for the support in organizing and holding the 5th meeting of the Working Group on Uzbekistan’s accession to the WTO (World Trade Organization). They determined further efforts on cooperation in this direction.

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The fourth biggest commercial partner of Moldova is China

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According to Yan Wenbin, Extraordinary and Plenipotentiary Ambassador of the People’s Republic of China to Moldova, a quick development of commercial partnership between China and Moldova took place. The volume of trade between the two countries increased from only 70,000 dollars in the beginning of the establishment of the diplomatic relations, 30 years ago, to 849 million dollars in 2021. As a result, China became the fourth big commercial partner of Moldova.
The ambassador said that more and more Chinese consumers appreciate the Moldovan wine, so China is now one of the principal export markets for it. The export of Moldovan wine to China is actively promoted by China’ Embassy, along with Chinese and Moldovan partners. A live broadcasting on the promotion and sale of Moldovan wines took place on the Douyin platform not so long ago, at an initiative by the Embassy of China in Moldova, and it had favorable results.
The head of the Chinese diplomatic mission says that China is willing to import also other highly qualitative farming products from Moldova, being the biggest consumption market of the world. The entrance on the Chinese market of the edible vegetable oil and peeled walnuts from Moldova has been approved. The ambassador is quite aware of the fact that the Moldovan farming products have temporarily lost some traditional export markets, because of the conflict in the region. The access of more and more Moldovan agricultural products to the Chinese market is being actively stimulated be The Embassy of China.
According to Yan Wenbin, China has always provided, as far as it was possible, support for the social and economic development of Moldova as a good friend and partner. The photovoltaic power station from Criuleni, constructed with the support of the Chinese government and put into operation in the beginning of this year, represents the most recent example. A special importance of this project is especially significant in the context of the energy crisis in Moldova. Besides, the project of Chinese Medicine Centre, the third phase, carried out with the support of China, which will be soon implemented, has been officially approved by the Moldovan government.

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Shipment of Ukrainian grain: Special coordination center to be set up in Istanbul

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At today’s meeting of the military delegations of the defense ministries of Turkey, Ukraine and Russia, as well as the UN officials, an agreement was reached on technical issues regarding grain exports from Ukraine through the Black Sea. Turkish Defense Minister Hulusi Akar stated this following the four-way meeting in Istanbul, according to Ukrinform. “Following … Read more

MAT: Serbian external trade deficit EUR 1 billion

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A Belgrade-based economic bulleting reported on Monday that Serbia’s external trade deficit stood at more than a billion Euro in May 2022, the highest ever recorded. “Serbia had the highest every monthly external trade deficit of 1.141 billion Euro in May … with exports to import ratio standing at 73 percent compared to the average … Read more

China becomes fourth biggest commercial partner of Moldova

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The volume of trade between China and Moldova increased from only 70,000 dollars in the beginning of the establishment of the diplomatic relations, 30 years ago, to 849 million dollars in 2021, witnessing a quick development and China becoming the fourth big commercial partner of Moldova, according to Extraordinary and Plenipotentiary Ambassador of the People’s … Read more

Kazakhstan’s Foreign Trade Demonstrates Steady Growth, Reaches $51 Billion in Five Months

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The country’s foreign trade turnover between January and May increased by 41 percent compared to the same period last year and reached US$51.3 billion, according to the Kazakh Bureau of National Statistics. Exports increased by 59 percent and reached US$34.2 billion, while imports rose by 14.4 percent and reached US$17.1 billion. This significant increase in … Read more

Georgian exports reach $439 bln in June for 25% yearly increase

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Overall, Georgian external trade turnover amounted to $8.46 billion between January-June 2022, posting a 35.2 percent increase year-on-year. Photo: Nino Alavidze/Agenda.ge Georgia exported $439 million of goods in June, marking a 25 percent increase compared to the same month of 2021, preliminary data from the National Statistics Office of Georgia shows. The update has not … Read more

Azerbaijan, Egypt discuss implementing joint projects

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Azerbaijan and Egypt have discussed the implementation of joint projects between the two countries, Azernews reports. The discussion took place during a meeting between Orkhan Mammadov of Azerbaijan’s Agency for Small and Medium Business Development and Egyptian Ambassador Hisham Mohamed Nagy Abdel Hamidi. During the meeting, the parties also exchanged views on the possibility of … Read more