Agricultural machinery insurance discussed with a Chinese corporation

The Minister of Agriculture of Uzbekistan Ibrohim Abdurahmonov met with the leadership of China Export & Credit Insurance Corporation (SINOSURE).

The parties discussed agreements reached between Uzbekistan and China on the supply and purchase of agricultural machinery, the current state of cooperation, and plans. Particular attention was paid to ongoing efforts to finance the purchase of Chinese-made cotton harvesters and provide insurance coverage for these transactions.

The two sides also exchanged views on securing the financial resources needed to purchase the machinery, using SINOSURE’s capabilities and services, and developing mechanisms for mutually beneficial cooperation.

The parties also discussed ways to reduce financial risks associated with purchasing and financing agricultural machinery, improve insurance mechanisms, and explore opportunities to expand cooperation in this area.

Muhayyo Toshqorayeva, UzA