Beijing, (TDI): The trade turnover between Kyrgyzstan and China has reached approximately $11 billion in the first seven months of 2024, according to Bakyt Torobayev, Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan.
This significant figure underscores the strengthening economic relations between the two nations.
Torobayev noted that the successful cooperation framework was established during high-level meetings between Kyrgyz President Sadyr Japarov and Chinese President Xi Jinping.
Last year, the trade volume between the countries hit $20 billion, reflecting a remarkable 32% increase compared to 2022.
Key initiatives aimed at enhancing collaboration continue to unfold.
Read Also: Kyrgyzstan Ventures into Helicopter Production
One notable project is the construction of a railway connecting China, Kyrgyzstan, and Uzbekistan, which is progressing steadily.
Additionally, the recent opening of the simplified border crossing point “Bedel” on the Kyrgyz-Chinese border marks a significant milestone, signaling a new stage in bilateral relations and facilitating smoother trade.
Kyrgyzstan, China Partnership
The partnership between Kyrgyzstan and China spans various sectors, including trade, energy, and infrastructure.
Read More: Kyrgyzstan Seeks Azerbaijani Crude Oil
China has been actively investing in Kyrgyzstan’s hydropower capabilities and implementing programs designed to improve the nation’s infrastructure.
These initiatives are expected to contribute significantly to sustainable economic growth and development within Kyrgyzstan.
As both countries continue to explore opportunities for deeper collaboration, the prospects for enhancing their economic relationship look promising, with mutual benefits anticipated in various fields.
