Arzuw NEWS - Turkmenistan news

Turkmenistan's trade turnover with Uzbekistan reached $880 million in 2021

The Turkmen-Uzbek trade turnover has grown five times in four years, reaching $880 million in 2021, which is 65% more than in 2020. These figures were voiced at a meeting between Deputy Prime Minister of Turkmenistan S. Berdymukhamedov and Deputy Prime Minister of Uzbekistan S. Umurzakov. In the near future the trade turnover between the states may reach $1 billion.

During the discussion, the emphasis in the development of Turkmen-Uzbek cooperation was placed on the promotion of mutually beneficial joint projects, in particular on the organization of high-tech industries. In order to intensify economic cooperation in 2022, the parties plan to hold the first Forum of Regions of Uzbekistan and Turkmenistan.

As a result of the negotiations were Agreements were signed between business representatives countries to cooperate in the agricultural, electrical, chemical, and building materials industries.

In addition, The head of the Turkmen delegation visited the TechnoparkThe exhibition of agricultural and industrial products of Uzbekistan was presented there.

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