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Uzbekistan-Azerbaijan trade turnover up by almost 60%, says minister

Uzbekistan has significantly increased its trade turnover with the countries of the Central Asian Regional Economic Cooperation (CAREC) in the first three quarters of 2018, Uzbek media reported, citing Foreign Trade Minister Jamshid Khojayev.“It is good to see that trade with CAREC member countries is growing at an accelerated pace. In the three quarters of this year, Uzbekistan’s bilateral trade with Pakistan and Mongolia doubled, with Tajikistan and Azerbaijan increased – by almost 60 percent, with Kazakhstan and Kyrgyzstan – by over 45 percent, with China – by about 30 percent, with Turkmenistan – by 17 percent, and with Afghanistan – by 11 percent,” Khojayev said during the CAREC Ministerial conference in Ashgabat.In this regard, he noted, the joint efforts of countries should be focused primarily on mutual trade facilitation, elimination of various trade barriers, both technical and sanitary, phytosanitary, which often become insurmountable and their removal requires considerable effort, money and time.The minister also added that Uzbekistan is committed to further liberalization of trade and promotion of open markets.

About Fidan Abdullayeva