The Kyrgyz Ministry of Economy and Commerce has announced that the Chinese government has allocated grant assistance to Kyrgyzstan totaling 200 million yuan (more than $28 million). The money will be used to finance socially significant projects in priority areas.
The grant agreement was signed on September 19 in Beijing, following the Intergovernmental Kyrgyz-Chinese Commission on Trade and Economic Cooperation meeting held the previous day.
Deputy Chairman of the Kyrgyz Cabinet of Ministers, Bakyt Torobaev, headed the Kyrgyz delegation at the meeting.
On September 18, Torobaev held meetings with the heads of Chinese companies.
During a meeting with Zoomlion, a leading Chinese agricultural machinery manufacturer, the sides discussed supplying agricultural machinery and equipment to Kyrgyzstan and the potential opening of a training center for the assembly of agricultural machinery in Kyrgyzstan.
Noting Kyrgyzstan’s efforts to expand the export of agricultural products to China, Torobaev said that work is nearing completion on constructing a warehouse near the Irkeshtam checkpoint on the Kyrgyz-Chinese border. This will increase the volume of cargo transportation from Kyrgyzstan and Uzbekistan to China.
During a meeting with Jiangnan Delivery (GZ) Food Supply Chain Co., Ltd, a Chinese importer of agricultural products, the parties focused on issues of exchanging experience in the field of e-commerce and a proposal to build a laboratory in Kyrgyzstan that will create opportunities for the unhindered entry of Kyrgyz agricultural products into the Chinese market.
According to Chinese statistics, trade turnover between China and Kyrgyzstan amounted to $20 billion in 2023, a 32% increase compared to 2022. Bilateral trade reached almost $11 billion from January to July this year.
