Business · Trade · 17 hrs ago
Türkiye and Uzbekistan sign agreements to expand trade
Türkiye and Uzbekistan signed five agreements in Ankara after talks between their presidents.
The deals cover trade, customs information-sharing, social security and cooperation between businesses.
Their trade reached about $3.1 billion in 2025, and the first goal is to raise it to $5 billion.
The countries also have a longer-term target of $10 billion in annual trade.
One customs protocol will allow advance electronic sharing of information about goods and vehicles, with the aim of speeding border procedures and reducing waiting times.
A new high-level business council is intended to help develop joint trade and investment projects.
The expanded trade preferences need domestic approval in both countries before they take effect.
Türkiye and Uzbekistan signed five agreements to expand trade and investment.
They aim to raise annual bilateral trade from about $3.1 billion in 2025 to $5 billion.
The agreements were signed in Ankara on Oct. 29 after talks between the countries’ presidents.
The measures include expanding tariff concessions, sharing customs data electronically and establishing a high-level business council.
The council is intended to support a medium-term bilateral trade target of $10 billion.
- Who
- Türkiye and Uzbekistan, represented by President Recep Tayyip Erdoğan and President Shavkat Mirziyoyev.
- What
- They signed five agreements to expand trade, investment and cooperation, with a near-term annual trade target of $5 billion.
- When
- Oct. 29; the articles were published on Oct. 31 and Nov. 1, 2026.
- Where
- Ankara, Türkiye.
- Why
- To deepen economic ties and promote trade, investment and joint projects.
This story does not have two clearly opposing sides.
Bilateral trade stood at $1.3 billion, according to Özgür Onur Özgüven.
Bilateral trade reached $3.1 billion.
The countries’ presidents held talks in Ankara, and the two countries signed five agreements.
The expanded preferential trade protocol is due to take effect once both countries complete domestic approval procedures.
- Agreements
- Five signed
- Annual trade in 2025
- About $3.1 billion
- Initial trade target
- $5 billion annually
- Medium-term trade target
- $10 billion
- Turkish projects in Uzbekistan
- 333 projects worth more than $9.5 billion
3 sources
What people are saying
Our bilateral trade rose from $1.3 billion in 2016 to $3.1 billion in 2025.
Türkiye and Uzbekistan have economies with complementary structures.