Foreign ministers of Uzbekistan and Turkey have agreed to boost trade to $5 billion, as officials met in Tashkent on March 9. On the same day, they signed a memorandum of understanding to improve bilateral relations and cooperation.
Turkish Foreign Minister Mevlut Cavusoglu said that despite the pandemic, the trade hadn’t decreased, but soared to $2.3 billion. He reiterated that the parties aimed at finalizing the preferential trade agreement and starting the negotiations for the free trade agreement.
He said: “We have great potential to improve our economic relations, and we will make that happen.”
Uzbek Foreign Minister Abdulaziz Kamilov said the purpose of the agreement was to take the Uzbek-Turkish strategic partnership to a new level.
The Turkish foreign minister noted that his country was among the top five trade partners of Uzbekistan with the most investments. (Uzreport/Business World Magazine)
