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🇰🇬 Kyrgyzstan /Economy & Trade

Kyrgyzstan chamber chief proposes new cooperation model with China

From 24.kg · () Russian

Translated from Russian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Kyrgyzstan's Chamber of Commerce chief proposed shifting from trade to joint production and industrial cooperation with China.
  • He suggested establishing 100 genuinely operating Kyrgyz-Chinese joint ventures.
  • This initiative aims to attract investment, create jobs, and develop new economic chains.

Kyrgyzstan should deepen its economic ties with China by moving beyond simple trade to establish joint production and industrial cooperation, according to Temir Sariev, President of the Chamber of Commerce and Industry of the Kyrgyz Republic.

Speaking at the Kyrgyzstan-China Investment Forum, Sariev proposed a concrete goal: the creation of 100 genuinely operating joint ventures. "Not 100 memorandums. Not 100 protocols of intent. But 100 genuinely operating enterprises in Kyrgyzstan, with Chinese investment and technology, and Kyrgyz partners and specialists," he stated.

Sariev believes that launching new production facilities will be a catalyst for economic growth. Such initiatives, he explained, would attract crucial investment and modern technologies, generate thousands of jobs, and build new economic chains. Furthermore, these ventures would bolster small and medium-sized businesses and boost the export of high-value products, enhancing Kyrgyzstan's economic landscape.

Not 100 memorandums. Not 100 protocols of intent. But 100 genuinely operating enterprises in Kyrgyzstan, with Chinese investment and technology, and Kyrgyz partners and specialists

— Temir SarievPresident of the Chamber of Commerce and Industry of the Kyrgyz Republic, proposing a new cooperation model with China at the Kyrgyzstan-China Investment Forum.
About this summary

Originally published by 24.kg in Russian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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