11.6 C
Islamabad
Wednesday, December 18, 2024
HomeBusinessUzbekistan Welcomes 6.5M Tourists in 10 Months

Uzbekistan Welcomes 6.5M Tourists in 10 Months

Tashkent (TDI): Uzbekistan’s tourism industry is thriving, with 6.5 million foreign tourists from January to October this year, fueled by a 17.2 percent year-on-year increase, or 951,300 more visitors compared to the corresponding period of last year.

Among these travelers, 57,700 were from China, marking a 63.1% rise and making China the leading source of tourists outside the Commonwealth of Independent States (CIS).

China’s interest in Uzbekistan comes as no surprise.
Rich in natural resources and brimming with untapped potential, the country stands as an impressing opportunity for development and prosperity when strategic investments are managed effectively.

ALSO READ: Uzbekistan Seeks Duty-Free Trade Extension with EU

For instance, China continues to dominate Uzbekistan’s trade scene, accounting for 18.8 percent of the country’s total foreign trade turnover as of October.
Bilateral trade reached 10.2 billion dollars with Uzbekistan exporting 1.7 billion dollars worth of goods to China and importing 8.5 billion dollars in return.

While this was a slight dip from the 10.8 billion dollars in 2023, China has maintained its position as Uzbekistan’s largest trade partner since 2020, thanks in part to strategic deals like the Bilateral Investment Treaty and the Agreement on Avoidance of Double Taxation

 

Trending Now

Latest News

Follow us

4,846FansLike
2,669FollowersFollow
1,710SubscribersSubscribe

Related News