BAKU, Azerbaijan, July 17. Türkiye and
Uzbekistan agreed to expand their Preferential Trade Agreement,
targeting mutual trade turnover of $5 billion.
This is reflected in the statement, published by the Uzbek
Ministry of Investment, Industry, and Trade.
The agreement was reached during a working meeting amid an
official visit of the Turkish delegation to Uzbekistan.
The bilateral meeting of the Uzbek-Turkish Working Group on the
Preferential Trade Agreement was co-chaired by Akram Aliyev, Deputy
Minister of Investment, Industry, and Trade of Uzbekistan, and
Mustafa Tuzcu.
"The decisions will contribute to the intensification of
bilateral trade, an increase in export-import supplies, and the
achievement of the target for mutual trade turnover of $5 billion,"
the statement of the ministry says.
During the sessions, which marked the successful conclusion of
the third round of negotiations, the parties focused on expanding
the existing list of goods subject to the preferential trade regime
on a parity basis.
Following the talks, the co-chairs signed a protocol solidifying
agreements on the inclusion of additional commodity positions that
align with the mutual economic interests of both nations.
Recently, Uzbekistan's Chamber of Commerce and Industry and a
business delegation from Türkiye's Antalya Chamber of Commerce and
Industry (ATSO) discussed expanding bilateral trade and
strengthening cooperation between the two countries' business
communities.
"The parties discussed ways to further strengthen trade and
economic relations between Uzbekistan and Türkiye, increase
bilateral trade turnover, expand export-import cooperation, and
elevate institutional partnership between the two chambers of
commerce to a new level," the chamber said in a statement.
The sides also emphasized the importance of organizing regular
business-to-business (B2B) meetings, trade missions, and joint
business events to create new opportunities for entrepreneurs in
both countries.
