Turkey and Uzbekistan sign 10 cooperation agreements

Turkey and Uzbekistan sign 10 cooperation agreements

Turkey and Uzbekistan have leveled up bilateral ties to a comprehensive strategic partnership, Turkish President Recep Tayyip Erdogan said, expressing the countries’ target to increase the current $3.6 billion bilateral trade volume to $10 billion.

“As a result of our meetings, we raised the relations between our countries to the level of comprehensive strategic partnership,” Erdogan said at a news conference alongside Uzbek President Shavkat Mirziyoyev on March 29.

The total trade volume exceeded $3.6 billion with an increase of nearly 72 percent last year, he said, noting the two countries set a one-year target of $5 billion for 2022.

“Then, we will not stop there, we will raise the level to $10 billion with the joint steps we will take later,” Erdogan added.

The president recalled that Turkey was the first country to recognize Uzbekistan’s independence and open an embassy in Tashkent and emphasized strong relations based on common history, culture, language and faith.

The two countries signed 10 agreements, including a Preferential Trade Agreement, during Erdogan’s visit.

Stating that Turkish companies’ investments in Uzbekistan have reached $1.5 billion, Erdogan said that contracting companies have successfully completed 241 projects worth $5 billion in the country so far.

Pointing out that the cooperation in the field of tourism is getting stronger with Uzbekistan, he noted that Turkey hosted more than 270,000 Uzbek people last year, and the new target is to increase this figure to 500,000.

Erdogan visited the Khiva town of Uzbekistan on March 30, on the second day of his official visit to the country, Hurriyet reported.

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