Tue 02 2017 11:11:05

Tashkent, Uzbekistan (UzDaily.com) -- Deputy Prime Minister of Uzbekistan Rustam Azimov held a meeting with the President of Turkey Recep Tayyip Erdoğan on 27 February 2017.

The meeting was held at Beylerbeyi Palace in Istanbul. The meeting lasted about 45 minutes. No details of the talks were reported.

The delegation of Uzbekistan attended the Turkey-Uzbekistan Business Forum in Istanbul on Monday. Within the event, Uzbekistan and Turkey signed a cooperation agreement to boost economic relations, Anadolu agency reported.

Turkish Economy Minister Nihat Zeybekci stated that the sides identified about 10 economic sectors such as agriculture, textile, electric-electronic, chemistry, tourism, and logistics. “We will reevaluate cooperation in these sectors according to their trading volume and importance,” he said.

Zeybekci regretfully noted that trade volume between Turkey and Uzbekistan stood only at US$1.2 billion in 2016.

Turkey’s exports to Uzbekistan rose to US$533.3 million last from US$488.5 million in 2015, according to official data from the Turkish Statistical Institute (TurkStat). In 2016, imports from Uzbekistan amounted to US $709.2 million against US$711.5 million the previous year.

Zeybekci said there should be free trade agreement or a preferential trade agreement between both countries to meet this need.

Deputy Prime Minister of Uzbekistan Rustam Azimov, in his turn, also said Turkey and Uzbekistan could collaborate in petrochemistry. He said there were two petroleum refineries in Uzbekistan and a third in the development phase.

“We hope to cooperate in petrochemistry with our Turkish partners. We can work together in extracting and processing mines such as gold, silver and uranium,” he added.


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