Tashkent, Uzbekistan (UzDaily.com) —   The recent visit of the Uzbek delegation to Türkiye resulted in agreements on the implementation of large-scale joint projects that could significantly expand economic cooperation between the two countries.

The delegation from the Ministry of Investments, Industry, and Trade of Uzbekistan, led by Deputy Minister Akram Aliyev, held negotiations with representatives of the Turkish government and major businesses.

Over the past five years, trade between Uzbekistan and Türkiye has increased by 30%, surpassing the US$3 billion mark. However, both sides believe the potential for further development is much higher. To realize this potential, they plan to expand the range of exported goods, actively introduce e-commerce, and eliminate existing barriers to bilateral trade.

Uzbekistan intends to adopt Türkiye's successful experience in state support for agriculture and the implementation of insurance mechanisms. Additionally, the parties agreed to establish a joint breeding and testing center, and discussed promising projects in the fields of healthcare, energy, and construction materials production. Agreements were also reached on projects related to agricultural product processing, food production, chemical products, and mineral fertilizers.

Meetings with representatives of leading Turkish companies, such as Anadolu Group, Akgün Grup, Sam Yapi, and others, confirmed the high interest of Turkish businesses in investing in Uzbekistan. Turkish partners expressed confidence in the favorable investment climate of the country. The parties agreed on a step-by-step plan for implementing the projects, from preparing project documentation to launching production facilities.

The visit of the Uzbek delegation demonstrates the serious commitment of both countries to deepen economic cooperation and implement new mutually beneficial projects that could bring billions in investments and stimulate economic growth in both countries.