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Xinjiang enterprises seek business opportunities in Central Asian countries

Xinjiang Uygur Autonomous Region of northwest China’s representatives of leading businesses are currently travelling in Central Asia to look for commercial prospects. The regional government planned the excursion.

Businesses from Xinjiang are expected to make new contacts, conduct commercial talks, and attend trade fairs in Kazakhstan, Tajikistan, Kyrgyzstan, and Uzbekistan during the 10-day trip, which began on Monday of this week. According to the regional bureau of commerce, the purpose of the visit is to strengthen economic and trade ties between Xinjiang and Central Asian nations. It also stated that it would actively engage in discussions and exchanges with relevant governments and businesses to fully utilise the potential of multilateral cooperation.

According to Parhati Memetiyimin, executive vice general manager of Xinjiang Zhongtai (Group) Co., Ltd., the business will enter a significant chemical export agreement with Kazakhstan. During the trip, the corporation is also looking for potential options to import crude oil, he noted.

According to Chen Gang, executive vice president of YEMA Group Co., Ltd., “The government has taken the initiative in leading firms to go global and engage in business overseas, showing that Xinjiang has stepped up support for foreign trade.”

According to Liu Bo of the regional bureau of commerce, exchanges will take place during the visit to streamline global logistics channels, improve port infrastructure construction, and foster sister city cooperation.