Relations between Turkey and Uzbekistan has gained new momentum in 2016 with a visit of president of the Republic of Turkey Recep Tayyip Erdogan to Samarkand and this relationship quickly reached the highest level with the start of Mirziyoyev’s period as the president of Uzbekistan. Our political relations between the two countries continue at the highest level. Our bilateral trade volume with our strategic partner Uzbekistan has developed rapidly over a short period of time. Our trade volume was $ 2.7 billion in 2019 and it is aimed to increase the trade volume to $ 5 billion. We believe that our mutual respect and trust-based relationships will continue stronger in the interests of our people.
As DEIK / Turkey and Uzbekistan Business Council, we can say that 2020 would be a productive year in terms of Turkish Uzbek relations. Turkish Uzbek relations will make new moves in the cultural and economic field to strengthen its relations. As the Business Council, we continue our work on this. Turkish firms can have a business after doing their market research in Uzbekistan, by investing in the country or by following infrastructural and superstructure tenders. Companies or people doing business in Uzbekistan should introduce the country in Turkey.
As DEIK / Turkey and Uzbekistan Business Council, we bring together the business people of the two countries to organize forums and delegation visits where the needs and cooperation opportunities of the country are discussed and debated. From time to time, we also hold business forums with the presidents of both countries. Turkey and Uzbekistan Business Council, which focuses on light industry, construction and building materials, SMEs, textile, food industry and other industry fields, under the leadership of President Recep Tayyip Erdoğan and under the guidance of the Minister of Trade, acts as a bridge between the business people of the two countries. There are Turkish companies that have investment projects in agriculture (primarily greenhouse cultivation) hygienic pet factory, logistics centers, oil and gas, chemical and electrical energy sectors. Turkish entrepreneurs can invest in the fields of agriculture, automotive industry (sub-industry), health tourism, furniture industry, construction and infrastructure, as well as in textile, contracting, food, hotel management, construction materials, plastics, pharmaceutical and service sectors in Uzbekistan.
Uzbekistan, the country that attracts the most in terms of investment in Central Asia, has become the most attractive country of Central Asia in terms of investment, especially with the regulations and laws that have been made in the last three years and which can be considered as a reform towards attracting foreign investors. In addition to these, tax exemptions and custom exemptions applied by the Uzbek government, according to the size of the investment and the needs program, to allocate land to the investor, to facilitate the opportunities of Turkish companies to find loans, and visa exemptions for 30 days in the travels of Turkish citizens to Uzbekistan are among the facilities implemented by the government.