27 Oct 2017 19:24

Projects worth $3.5 bln agreed during Uzbek president's visit to Turkey

TASHKENT. Oct 27 (Interfax) - Uzbek President Shavkat Mirziyoyev in the course of his state visit to Turkey with Turkish Prime Minister Binali Yildirim met representatives of the two countries' financial and business circles, the official Uzbek media reported on Friday.

"The meeting noted the great significance of the documents signed at the highest level between Uzbekistan and Turkey. It was also stressed that agreements on over 30 joint projects with a combined value of $3.5 billion were signed at the two countries' business forum in Istanbul on October 26," media reports said.

According to the reports, Mirziyoyev also pointed out that an understanding was reached on boosting trade turnover between Uzbekistan and Turkey to $3 billion to $4 billion a year in the nearest future.

Turkish businessmen praised economic reforms conducted in Uzbekistan under the incumbent president's leadership, stressing that currency system liberalization and the simplification of visa procedures has created favorable conditions for the development of mutually-beneficial cooperation, the reports said.

As reported earlier, Mirziyoyev made a two-day state visit to Turkey on October 25-26 at the invitation of Turkish leader Recep Tayyip Erdogan.

At the end of the visit the presidents signed a joint statement. Furthermore, over 20 documents were concluded on development of mutual ties in a number of spheres, including economics, trade, industry, banking and finance, investments, tourism, transport and logistics, health protection, personnel training, and defense.

During the visit, the Uzbek president met speaker of the Turkish National Assembly Ismail Kahraman. A memorandum of cooperation between the parliaments of the two countries was signed at the meeting.