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Uzbekistan and Turkey have reached an agreement to expand the list of goods that can benefit from a preferential trade regime. This decision was made following a meeting of the Working Group of Uzbekistan and Turkey on the preferential trade agreement.

Negotiation Details

During official meetings in Uzbekistan, a Turkish delegation led by Deputy Minister of Trade Mustafa Tuzcu visited the country. The co-chairs of the meeting were Akram Aliyev, Deputy Minister of Investment, Industry and Trade of Uzbekistan, and Mustafa Tuzcu.

Agreement Outcomes

During discussions, both sides focused on mutually expanding the range of products covered by the conditions of preferential trade. At the conclusion of the third round of negotiations, participants reached a common understanding on the main issues.

The meeting concluded with the signing of a protocol confirming the inclusion of additional categories of goods in the list eligible for the preferential regime, taking into account the interests of both countries.

Expected Effects

Participants emphasized that the agreements reached should contribute to further stimulating bilateral trade, increasing export and import volumes, and supporting the goal of the two states to increase trade turnover to 5 billion US dollars.

A delegation of Cypriot business representatives arrived in Tashkent, Uzbekistan, to hold a series of meetings with representatives of the Uzbek business community.

Purpose and Organization of the Visit

The visit was organized at the initiative of the Embassy of Uzbekistan in Rome. More than ten representatives from Cypriot companies participated in the delegation.

Program of Events

The program included round tables and business-to-business (B2B) meetings held at the IT Park and Holiday Inn Tashkent City venues. These events brought together representatives from various sectors, including information technology, investment, banking, law, trade, and cosmetics.

Negotiation Results

The discussions led to the conclusion of several practical agreements. Companies represented in the Cypriot delegation intend to become residents of the IT Park and support efforts to attract European investors to startup projects in Uzbekistan.

The Ambassador of Uzbekistan to Pakistan, Alisher Tukhtayev, met with Haroon Akhtar Khan, Special Assistant to the Prime Minister of Pakistan and Federal Minister of Industry and Production, to discuss the development of trade, economic cooperation, and investments between the two countries.

Planning a Business Visit

One of the central topics of the negotiations was the preparation for a visit by a delegation of Uzbek businessmen to Pakistan, as well as the organization of an Uzbekistan-Pakistan business forum during this visit. Participants emphasized that this event would help establish direct contacts between the business communities of both countries, strengthen trade ties, and create a foundation for new investment projects.

Discussion of Joint Projects

The parties also reviewed issues related to preparing bilateral documents, implementing potential joint ventures, and removing existing barriers to economic interaction. Haroon Akhtar Khan welcomed the proposals from Uzbekistan and assured that Pakistan was ready to provide the necessary support in preparing for the upcoming business delegation's visit.

Cooperation Strategy until 2030

Discussions focused on finalizing an action plan for developing trade, economy, and investment between Uzbekistan and Pakistan for the period from 2026 to 2030. This document is expected to define priority areas of cooperation and contribute to increasing bilateral trade. The meeting concluded with an agreement to strengthen economic diplomacy, expand business delegations exchanges, and enhance strategic partnership between the two countries.