BMB Trade Group to become member of SCO integrated service platform

Chairman of supervisory board of BMB Trade Group Company Bekzod Mamatkulov held negotiations with a delegation led by Yu Dongxuan, Mayor of Xiaozhou city of People's Republic of China, on November 4 this year.

During the talks, the Chinese delegation was presented investment, export and logistics opportunities of the company, which aroused great interest of the Chinese delegation.

During the meeting, the sides discussed a range of mutually beneficial investment and export projects aimed at further consolidation of Uzbek-Chinese trade and economic relations as well as use of wide market opportunities within the Shanghai Cooperation Organization.

In particular, the parties considered issues of cooperation in logistics, energy, funding of investment projects, setting up large demonstration zones and warehouses as well as centres of agricultural trade with SCO nations in Uzbekistan and China.

Based on the agreements reached, BMB Trade Group may become one of the participants of the SCO Integrated Service Platform, Chinese Import and Export Fair as well as the SCO Trade Fair.

It is worth noting that BMB Trade Group, in partnership with the Asia-Europe International Material Trade Centre (AEEX), opened an office in the SCO pilot area in August 2022 to provide advisory services for investment projects, business and trade relations, and the introduction of innovative technologies.

In general, the development of cooperation with the AEEX will expand export opportunities for national products to the broad market of China and SCO countries, creating a basis for increasing exports of domestic products to the People's Republic of China.