THE MAIN DIRECTIONS OF CHINA’S “ONE BELT - ONE ROAD” PROJECT AND THE IMPORTANCE OF UZBEKISTAN'S PARTICIPATION

Аннотация

The “One Place - One Road” initiative, an evolution of China’s Belt and Road Initiative (BRI), aims to enhance regional connectivity and economic cooperation across Asia, Europe, and beyond. Launched in 2023, this project emphasizes infrastructure development, trade facilitation, and cultural exchange. The main directions of the initiative include the establishment of transportation corridors, energy pipelines, and digital networks that integrate participating countries into a cohesive economic framework. Uzbekistan plays a pivotal role in this project due to its strategic geographic location as a landlocked country at the crossroads of Central Asia. Its participation is vital for facilitating trade routes that connect China with Europe and the Middle East. Furthermore, Uzbekistan’s rich natural resources and growing market present significant opportunities for Chinese investment. As of 2024, Uzbekistan has already seen increased foreign direct investment from China in sectors such as energy and infrastructure. This collaboration not only strengthens bilateral ties but also contributes to regional stability and economic growth. Understanding the implications of Uzbekistan’s involvement in the “One Place - One Road” initiative is essential for comprehending the broader geopolitical dynamics at play in Central Asia.