Türkiye’s ambitious vision for trade relations with Uzbekistan
Vice President Cevdet Yilmaz of Türkiye recently addressed the Türkiye-Uzbekistan Business Forum in Ankara, expressing Türkiye’s intent to elevate trade relations with Uzbekistan, as per the Anadolu Agency. Türkiye currently ranks third among the countries to which Uzbekistan exports the most and fifth in imports. Yilmaz emphasized that these ranks will be elevated through the efforts of Türkiye’s private sector.
Türkiye-Uzbekistan Business Forum: platform for new connections
The forum serves as a platform where businesspeople from both countries can engage in new connections. It is a testament to the growing economic ties between Türkiye and Uzbekistan.
Comprehensive Strategic Partnership: A Milestone in Bilateral Relations
Türkiye and Uzbekistan have elevated their bilateral relations to the level of a comprehensive strategic partnership through joint efforts. This strategic partnership is expected to further strengthen the economic ties between the two nations.
Türkiye’s investments in Uzbekistan: testament to growing economic ties
In 2022, Türkiye’s bilateral trade with Uzbekistan reached $3.5bn, and its investments in Uzbekistan amounted to $1.5bn. Over 1,700 Turkish companies are operating in various parts of Uzbekistan, further solidifying Türkiye’s economic presence in the country.
Future of Türkiye-Uzbekistan economic relations
The seventh meeting of the Türkiye-Uzbekistan Joint Economic Commission is scheduled to take place later this year. This will be followed by preparations for the High-Level Strategic Cooperation Council meeting, which is scheduled to be held in Türkiye next year. These upcoming events signify the commitment of both nations to further strengthen their economic ties.
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