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Chinese investments in Uzbekistan's agri sectorDuring the recent visit of the Chinese delegation to the republic of Uzbekistan, an agreement was signed concerning a 500 million dollar investment to implement projects in the agriculture sector of Uzbekistan. The parties plan to create logistics centres and facilities for processing agricultural products in the free economic zones of Uzbekistan on an area of 10,000 hectares.
Uzbekistan's economy depends heavily on agricultural production. In total, 8.2 million tons of grain, 2.9 million tons of potatoes, 11.2 million tons of vegetables, over 3 million tons of fruits and berries, 1.7 million tons of grapes, 2 million tons of melons and 2.9 million tons of raw cotton were produced in the country last year.
Uzbekistan has been trying to diversify its production of other agricultural products, while reducing cotton production.
According to azernews.az, Uzbekistan now aims to increase production of grain crops up to 8.5 million tons with the growth rate of 16.4 percent by 2020 due to optimization of lands and introduction of modern agriculture technologies. It is also planned to increase production of potatoes by 35 percent, other vegetables by 30 percent, fruits and grapes 21.5 percent, meat by 26.2 percent, milk by 47.3 percent, eggs by 74.5 percent and fish by 2.5 times.
Publication date: 12/19/2017
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