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Uzbekistan, Turkey to work on approving agreement on preferential trade

Business Materials 20 January 2021 12:10
Uzbekistan, Turkey to work on approving agreement on preferential trade

BAKU, Azerbaijan, Jan. 20

By Klavdiya Romakayeva - Trend:

An agreement was reached to intensify the joint work of the relevant ministries of the two countries to agree and approve the agreement on preferential trade between Uzbekistan and Turkey as soon as possible, Trend reports referring to the press service of the Ministry of Investment and Foreign Trade of Uzbekistan (MIFT).

The mentioned issue was discussed by Deputy Prime Minister, Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov, and Vice President of Turkey Fuat Oktay in a teleconference format.

According to the MIFT, the parties discussed the current state of implementation of bilateral agreements in the investment, trade, economic, cultural, and humanitarian spheres, as well as further steps to speed up their implementation.

In particular, a number of issues related to the implementation of projects included in the road map following the visit of the president of Uzbekistan to Turkey in February last year were considered. In this context, the parties voiced their commitment to further provide practical support to entrepreneurs of the two countries in the implementation of joint projects and initiatives.

Also, the practical aspects of the introduction of Turkey's experience in the industrial development of regions and the organization of effective activities of special economic zones in Uzbekistan were touched upon.

In addition, the parties discussed issues related to the holding of the sixth meeting of the Uzbek-Turkish Intergovernmental Commission on Economic Cooperation. In this context, it was agreed that a business forum with the participation of Uzbek and Turkish entrepreneurs will be organized within the framework of the event, aimed at stimulating direct contacts between the business circles of the two countries and the formation of new projects of industrial cooperation.

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Follow the author on Twitter: @romakayeva

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