Uzbekistan and Turkey intend to strengthen bilateral trade

The First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan Laziz Kudratov met with the Deputy Minister of Trade of the Republic of Turkey Uzgur Volkan Agar at the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan, during which the current state and prospects for the development of trade and economic relations between the two countries were discussed.

In particular, after exchanging views on the positive trend in the growth of bilateral trade, the parties expressed their readiness to take comprehensive measures to expand the range and increase the volume of bilateral trade, including by intensifying the process of ratifying the Preferential Trade Agreement, removing barriers and obstacles in the field of trade, simplification of customs procedures in the implementation of trade operations and the introduction of digital solutions in this area.

As noted, a number of additional bilateral and multilateral measures to develop mutual trade can be taken within the framework of the Summit of the Organization of the Turkic States, which is expected to be held in 2022 in Samarkand, and the 3rd meeting of the Joint Customs Council, which is scheduled to be held in Uzbekistan in the coming months.

The prospects for the implementation of practical measures to develop transport infrastructure, diversify routes and increase the volume of direct and transit cargo transportation between the two states were considered. The parties agreed to strengthen cooperation to support positive dynamics in the transport and logistics sector.

As a result of the meeting, an agreement was reached on strengthening cooperation in order to implement the discussed projects and initiatives.