Türkiye and Uzbekistan strengthen their economic relations

Within the scope of the signed agreements, it is aimed to increase mutual market access opportunities, accelerate trade processes and create new institutional cooperation mechanisms for the business world. It is envisaged that the regulations in the field of social security will strengthen the cooperation to protect the social rights of the citizens of the two countries.

According to the information compiled from the Turkish Exporters Assembly (TİM) data, Türkiye's exports to Uzbekistan amounted to 1 billion 107.5 million dollars in the January-September period. During this period, the highest export to Uzbekistan was in the chemicals and products sector with 309.4 million dollars, while the ready-made clothing and apparel and grain sectors stood out with their increases in exports.

The trade volume between the two countries, which was 3.1 billion dollars last year, is aimed to be increased to 5 billion dollars in the first stage and to 10 billion dollars in the medium term. In this context, it is envisaged to increase mutual investments and develop joint projects in various sectors, especially industry, energy, transportation, logistics, agriculture and textile.

In addition to trade between Türkiye and Uzbekistan, efforts to increase mutual investments and develop joint projects continue.

While the total size of Turkish investments in Uzbekistan exceeded 8 billion dollars, Türkiye became the third country that invested the most in the country in 2024 and 2025. While more than 2,200 companies with Turkish capital operate in the country, Turkish contractors have undertaken 333 projects with a total value exceeding 9.5 billion dollars.

It is aimed to develop cooperation between the two countries in various fields, especially energy, industry, infrastructure and technology, and to increase joint investments in free and special economic zones.

In this context, the establishment of the High Level Council for the Support of Business World aims to support joint trade and investment projects and strengthen institutional cooperation between the business world.

Foreign Economic Relations Board (DEIK) Turkey-Uzbekistan Business Council President Özgür Onur Özgüven said in his evaluation that the progress made in the economic and commercial relations between Turkey and Uzbekistan is clearly demonstrated by the data.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)