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The trade turnover is increasing

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The trade turnover is increasing

Presidents of Uzbekistan and Turkey continued the dialogue with participation of official delegations of the two countries.

During the negotiations, issues of development of cooperation in the spheres of trade, industry, agriculture, transport, tourism, science and others were discussed.

Positive changes in increasing the trade turnover and expanding the range of goods were emphasized.

Turkey is one of the important trade partners of Uzbekistan. More precisely, it takes the fourth place after Russia, China and Kazakhstan. In 2017, the trade turnover between the two countries has increased by 30 percent and amounted to 1.5 billion US dollars.

– In the first quarter of this year, this indicator grew by 20 percent and amounted to $400 million, – said Shavkat Mirziyoyev. – We agreed on specific measures aimed at further increasing this indicator in the coming years.
Only last year, more than 20 enterprises have been established in Uzbekistan with participation of Turkish business people, 53 companies have been accredited. To date, more than 550 companies with Turkish capital are operating in Uzbekistan.

The President of Turkey, in turn, emphasized that he will use all opportunities for further expansion of mutually beneficial trade and economic ties, this will play an important role in development of the two countries.
During the negotiations, views were exchanged on expanding cooperation in the sphere of transport communications and transit.

It was noted that partnership of national airlines of the two countries is of great importance in activation of cooperation in tourism industry.

Therefore, it was noted with satisfaction that since October last year Uzbekistan Airways has established Samarkand – Istanbul direct flights, and since March of this year, Turkish Airlines has established direct flights by this route, the entry and exit order has been simplified.

At present, new plans and joint projects are being developed for expanding air transportation.

One of the main issues of the negotiations was also implementation of joint projects with participation of Turkish investments within the framework of tourism infrastructure development programs in Uzbekistan.

Views were also exchanged on another important issue – the development of pilgrimage tourism in Uzbekistan.

The sides expressed their unanimity in issues of continuously increasing the trade turnover and diversification of trade by supplying products with high added value and developing long-term investment cooperation.

It was noted that activities in Uzbekistan on implementation of joint investment projects with participation of leading Turkish companies, first of all, organization of production with high added value based on deep processing of mineral and raw materials in free economic and small industrial zones will be further stimulated.

UzA