Ministry of Investment, Industry and Trade of the Republic of Uzbekistan

From December 11 to 14, a delegation from the Ministry of Investments, Industry, and Trade of the Republic of Uzbekistan, led by Deputy Minister Akram Aliyev, visited Ankara and Istanbul. During the visit, the delegation held a series of productive meetings with officials from Turkish ministries and agencies, as well as representatives of the Turkish business community.

Specifically, negotiations were held with Mustafa Tuzcu, Deputy Minister of Trade of Turkey; Ahmed Bagci, Deputy Minister of Agriculture and Forestry; Ali Güney, Director of Eximbank; and executives from companies such as Kontrolmatik, Anadolu Group, Akgün Grup, Sam Yapi, Fernas Group, Koç, Metallurgy, Asya Modern Serachilik, Sarıkoç Holding, and Baktat Gida, among others.

Over the past five years, the volume of bilateral trade between Uzbekistan and Turkey has increased 1.3 times, exceeding $3 billion. Based on a shared belief in the potential of their economies to significantly boost mutual trade, the parties agreed on measures to expand the range of goods exchanged, promote the use of e-commerce, remove barriers for freer access to markets, and implement other initiatives.

Uzbekistan will also study and incorporate Turkey’s best practices in providing state support to agriculture and implementing an agricultural insurance system. Agreements were reached to establish a joint Uzbek-Turkish breeding and testing center that meets international standards.

During the negotiations with company executives, agreements were concluded on implementing major projects in healthcare, energy, agricultural processing and food production, construction materials, chemical production, and mineral fertilizers. Specific stages of implementation were outlined, ranging from preparing feasibility studies to commissioning facilities and achieving planned production capacities.

Overall, the strong interest and full readiness expressed by Turkish officials and business representatives to develop cooperation and invest confidently in Uzbekistan reaffirmed the high level of trust in the country’s investment climate.