12.06.24
Under President Shavkat Mirziyoyev, plans for economic and investment cooperation between Uzbekistan and Turkey and Saudi Arabia have been reviewed, the press service of the head of state reported.
During the president’s official visit to Turkey last week, following the results of the third meeting of the Uzbek-Turkish Strategic Cooperation Council and a meeting with the heads of companies of the two countries, 158 new projects worth $10.1 billion were formed. These projects cover areas such as industry, energy, mining and geology, transport, healthcare and agriculture.
At the meeting, information was presented on measures that will be taken to develop trade and economic cooperation.
In particular, it is planned to expand the range of goods within the framework of the bilateral Agreement on Preferential Trade, reduce tariffs and duties on textile, leather, footwear, electrical and handicraft products, and open a trade mission of Uzbekistan in Istanbul. It is also planned to develop a “roadmap” for the development of mountainous areas based on Turkish experience, introduce an agricultural insurance system, and open an Uzbek-Turkish Seed Testing Center that meets international standards.
The President gave additional instructions on expanding the portfolio of promising projects with large Turkish companies and developing interregional cooperation.
