OREANDA-NEWS. April 25, 2011. Uzbekistan and China inked over 25 interstate, intergovernmental and interdepartmental documents during the visit of the Uzbek President Islam Karimov to Beijing on 19-20 April 2011.

Under the agreements, Uzbekistan and China agreed to implement large number of investment projects worth over USD 5 billion.

In particular, the People’s Bank of China and the Central Bank of Uzbekistan signed a currency swap agreement for 700 million yuans (or USD 106 million), which will significantly expand investment and trade cooperation between the countries.

Within the visit, the sides also signed agreements on implementation of large-scale investment projects in the chemical, oil and gas, energy and transport sectors.

In particular, the sides agreed to implement projects on construction of the second turn of Dekhkanabad potash fertilizer plant, organization of production of automotive and agricultural tires and conveyor belts in Angren, butadion rubbers, liquefied natural gas, methanol, monochloroacetic acid, new power units at thermal power plants, modernization and development of coal industry, supply of modern locomotives and others.

The agreements were reached on implementing joint investment projects with Huawei and ZTE.

Uzbekistan and China also signed the agreement on construction of the third line of Uzbekistan-China Gap Pipeline. It is expected that the construction of the line will increase its capacity up to 25 billion cubic meters a year.