Turkish FM pays visit to MFERIT to discuss trade-economic ties

During the negotiations were discussed the prospects of the further expansion of mutually beneficial economic and trade cooperation between the two countries.

The basis of the legal framework of trade and economic cooperation between Uzbekistan and Turkey consist of the following Intergovernmental agreements: on the promotion and protection of investments (28 April 1992), for the avoidance of double taxation (8 May 1996), on trade and economic cooperation (13 April 1998), etc.

In bilateral trade relations was established the most favored nation treatment. In 2013, the volume of bilateral trade turnover amounted to $1.347 billion, including exports – US$896.8 million and import – US$450.1 million.

Over 485 enterprises with the participation of Turkish investments operate in Uzbekistan and representative offices of 56 Turkish companies accredited in the country.