HomeEconomyTürkiye aims to boost trade with Uzbekistan through private sector

Türkiye aims to boost trade with Uzbekistan through private sector

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Türkiye seeks to enhance commerce relations with Uzbekistan to increased ranges by means of the efforts of its personal sector, Vice President Cevdet Yılmaz mentioned on Tuesday whereas addressing the discussion board within the capital, Ankara.

“Türkiye ranks third among the countries where Uzbekistan exports the most and fifth in imports. We will move these ranks to higher levels with the efforts of our private sector,” Yılmaz mentioned in an tackle to the Türkiye-Uzbekistan Business Forum.

He mentioned the discussion board convenes the 2 international locations’ business world and serves as a platform the place businesspeople can have interaction in new connections.

Yılmaz additionally mentioned Türkiye and Uzbekistan elevated bilateral relations to the extent of complete strategic partnership by means of joint efforts.

Türkiye’s bilateral commerce with Uzbekistan reached $3.5 billion (TL 108.2 billion) in 2022, and its investments in Uzbekistan amounted to $1.5 billion with over 1,700 Turkish firms working in numerous elements of Uzbekistan, in response to the vp.

Furthermore, Yılmaz mentioned that with the contributions of businesspeople, they’d attain the $5 billion commerce quantity goal set by President Recep Tayyip Erdoğan and Uzbekistan President Shavkat Mirziyoyev as quickly as attainable and set new targets.

He additionally famous that the Preferential Trade Agreement, which entered into drive in July, was an necessary step on this context.

Later on Tuesday, Yılmaz and Uzbekistan Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov held one-on-one and inter-delegation conferences on the Presidential Complex.

Following the conferences, the seventh assembly of the Türkiye-Uzbekistan Joint Economic Commission (JEC) was held beneath the chairmanship of Yılmaz and Kuçkarov.

Within the scope of the fee assembly, two international locations inked seven agreements on cooperation.

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