More than half of Tajikistan’s external debt accounts for China

Almaty. March 28. Silkroadnews - China’s leading position on investments into Tajikistan is shown by the fact that more than a half of the $2.15 billion of the external debt of the Republic of Tajikistan accounts to China, the Tajik Telegraph Agency (TajikTA) reports.

“China is a leader in investments in Tajikistan, more than half of the $2.15 billion of the country’s foreign debt accounts for China,” a statement says.

As noted, Chinese Ambassador to Tajikistan Yu Bin met with Ambassador of Belarus to Tajikistan Oleg Ivanov in Dushanbe. The diplomats exchanged views on the situation in Tajikistan, noted the interest of their countries in the implementation of joint or complementary projects.

The parties agreed that Belarus and China do not compete at the Tajik market. To build the potential basis for the joint projects in the country they considered the possibility of prospective free economic zone (FEZ) “Dangara”.
According to the Chinese ambassador, there are twelve companies operating in the zone at present, among them nine Chinese companies. China also farms out agricultural area in “Dangara”. To work the farmland China orders equipment from abroad, including tractors from Europe.

The two sides agreed that the construction of the Belarusian MTP assembly plant in Dangar will allow optimizing the agricultural crops processing with the machinery of the local assembly, as well as the production of processed foods and finished products, and also providing access to the domestic market of Tajikistan and to the third countries.

The Chinese ambassador also said he is ready to provide assistance necessary when visiting Afghanistan through the Chinese Embassy in Kabul which has extensive experience in the implementation of business projects in Afghanistan.