Business · Trade · 13 hrs ago
Türkiye discusses trade targets with Azerbaijan and Uzbekistan
Türkiye's trade minister met officials from Azerbaijan and Uzbekistan to discuss closer economic ties.
The meetings took place in Ankara as the countries prepare for a summit of the Organization of Turkic States.
Türkiye and Azerbaijan aim to raise annual trade to $15 billion, while Türkiye and Uzbekistan have a $5 billion target.
Talks covered expanding existing preferential trade agreements and developing joint projects in trade and transport.
The countries also want to increase and diversify mutual investment, which Bolat said totals $38 billion between Türkiye and Azerbaijan.
The targets are part of plans set by the countries' presidents to deepen economic cooperation.
Bolat said the work would continue, including negotiations to broaden the trade agreements.
Türkiye’s trade minister discussed economic ties with officials from Uzbekistan and Azerbaijan.
The talks focused on reaching trade-volume targets of $5 billion with Uzbekistan and $15 billion with Azerbaijan.
The sides discussed cooperation projects, preferential trade agreements and increasing mutual investment.
Minister Ömer Bolat said mutual investments with Azerbaijan total $38 billion and should be diversified by sector.
- Who
- Türkiye’s Trade Minister Ömer Bolat met Uzbekistan’s Investment, Industry and Trade Minister Laziz Kudratov and Azerbaijan’s newly appointed ambassador to Ankara, Reşad Aslanov.
- What
- They discussed projects and agreements to expand trade and economic relations.
- When
- The article was published on October 28, 2026. The meetings were held ahead of the October 29-30 summit.
- Where
- At Türkiye’s Trade Ministry in Ankara.
- Why
- To pursue trade-volume targets of $5 billion with Uzbekistan and $15 billion with Azerbaijan.
This story does not have two clearly opposing sides.
Sabah reported Bolat’s meetings with Uzbek and Azerbaijani officials.
The Organization of Turkic States’ 13th Summit was scheduled to take place in Ankara.
- Uzbekistan trade target
- $5 billion
- Azerbaijan trade target
- $15 billion
- Mutual investments with Azerbaijan
- $38 billion
- Uzbekistan official
- Laziz Kudratov, Investment, Industry and Trade Minister
What people are saying
We will continue to deepen and diversify the strong cooperation between our countries together with my dear brother Mr. Kudratov.
We will resolutely continue our work to raise our trade and economic relations with brotherly Azerbaijan to much higher levels.