Tashkent, Uzbekistan (UzDaily.com) – On 15 July 2024, the fourth meeting of the Uzbekistan-Turkmenistan Business Council took place at the Chamber of Commerce and Industry.

The meeting was attended by the Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, Dilshod Rasulov, the Chairman of the Chamber of Commerce and Industry of Turkmenistan, Mergen Gurdov, and representatives from the business communities of both countries.

This business council was established in Tashkent in April 2018 and aims to deepen cooperation between the business circles of Uzbekistan and Turkmenistan in trade, investment, transport and logistics, as well as various economic sectors.

The meeting discussed cooperation in the fields of industry and transport, textile industry, healthcare and pharmaceuticals, and agriculture between Uzbekistan and Turkmenistan.

Issues of establishing cooperative relations between business representatives of the two countries through "B2B" negotiations were also discussed.

By the end of 2023, the trade volume between Uzbekistan and Turkmenistan exceeded US$1 billion, which is five times the trade volume in 2017. Of this, Uzbekistan’s exports amounted to over US$170 million, while imports exceeded US$923 million. There are 187 enterprises with Turkmen capital operating in Uzbekistan.