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7-11-2014, 10:19

Tajik President Leaves for China to Attend APEC CEO Summit

Avesta.Tj | 07.11.2014 | Tajik President Emomali Rahmon left here for China on Thursday to attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit that will be held in Beijing from Nov. 8 to 10, the presidential press service said.


Emomali Rahmon will attend the APEC CEO Summit for the first time, Tajikistan is not APEC member.


Several high-ranking officials, including Foreign Minister Sirojiddin Aslov, Finance Minister Abdusalom Qurbonov, Presidential Adviser on Foreign Policy Erkin Rahmatullozoda, Chairman of Barqi Tojik Power Holding Rustam Rahmatzoda and Tajik Railways Chairman Komil Mirzoaliyev are accompanying the president during his visit. 


During his stay in China, Tajik president Emomali Rahmon would meet with the Chinese President Xi Jinping.


President Rahmon has already met on Friday morning with Li Ruogu, Chairman and President of the Export-Import Bank of China (China Exim Bank).


According to the presidential press service, the sides discussed a number of energy and transportation projects that are being implemented in Tajikistan under financial support of China Exim Bank.


Several loan agreements between China Exim Bank and various ministries of Tajikistan are expected to be inked during the meetings.


The Export-Import Bank of China (China Exim Bank) is one of three institutional banks in China chartered to implement the state policies in industry, foreign trade, diplomacy, economy, and provide policy financial support so as to promote the export of Chinese products and services. Established in 1994, the bank is subordinated to the State Council.


The focus of the bank is to promote foreign trade and investment.  Exim Bank is not limited though to concessional funding and commercial operations form the backbone of the bank.  Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom, and water projects) and investment loans for Chinese businesses to establish overseas in the energy, mining and industrial sectors.