Shandong boosts partnership with Central Asia
1 year, 3 months ago

Shandong boosts partnership with Central Asia

China Daily  

The China-SCO Local Economic and Trade Cooperation Demonstration Area is located in Jiaozhou, Qingdao, Shandong province. It has also actively participated in and integrated itself into the development of the Belt and Road Initiative, and strengthened cooperation with the five Central Asian countries: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Uzbek Commodity Exchange opens branch in SCODA At the end of 2021, the Uzbek Commodity Exchange's branch in the China-SCO Local Economic and Trade Cooperation Demonstration Area, also known as SCODA, was established. One of the world's four major commodity exchanges, the exchange's main business includes exporting commodities such as cotton, non-ferrous metals, and fertilizers, as well as importing building materials, textiles, machinery and electronics, household appliances, and food products needed by Central Asian countries. Products from revolutionary base access the Central Asian market Due to the matching of supply and demand conditions and the support of various infrastructure facilities such as China-Europe trains, overseas warehouses, and integrated foreign trade service platforms, a large number of products from Lanshan district of Linyi city, a revolutionary base, are entering the Central Asian market.

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