Uzbek MFA names latest data of trade turnover with Turkmenistan

Business Materials 19 January 2021 14:48 (UTC +04:00)
Uzbek MFA names latest data of trade turnover with Turkmenistan

BAKU, Azerbaijan, January 19

By Jeila Aliyeva - Trend:

The trade turnover between Uzbekistan and Turkmenistan amounted to $451.6 million from January through November 2020, the Ministry of Foreign Affairs of Uzbekistan told Trend.

According to the report, out of the above – mentioned amount of trade turnover, Uzbekistan's exports to Turkmenistan reached $118.5 million, and imports - $333 million.

"The main nomenclatures of Uzbekistan’s exports to Turkmenistan are chemical products, as well as products made from them, food products, industrial goods, etc," the ministry noted.

Despite the severe test of the pandemic, in 2020 the countries managed to maintain the dynamics of Uzbek-Turkmen cooperation in all spheres.

The ministry notes that the strengthening of political trust and good-neighborly relations between Uzbekistan and the countries of Central Asia, in particular Turkmenistan, achieved in recent years represents a positive turning point in the modern history of the region.

As it was reported earlier, Turkmenistan and Uzbekistan intend to improve import and export procedures.

The trade turnover between the countries is increasing. Earlier, representatives of Turkmenistan and Uzbekistan agreed to hold a regular meeting of the Joint Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation in the fall of this year, in order to further expand trade and economic ties and resolve a number of issues.

As earlier the Ministry of Foreign Affairs of Uzbekistan told Trend, several events and projects are planned for the next few years in the field of rail and road cargo transportation between Turkmenistan and Uzbekistan.

The new projects will serve to further enhance bilateral cooperation, added earlier the Uzbek MFA.

"It is planned to expand cooperation by using the ports of the Turkmen coast of the Caspian Sea to access European and Middle Eastern markets, the Black and Mediterranean Seas, including within the framework of the promising Uzbekistan-Turkmenistan-the Caspian Sea-the South Caucasus transport corridor," added the MFA.

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