Uzbekistan Targets Early Launch of Border Trade Zone With Turkmenistan

BUSINESS TURKMENISTAN
Uzbekistan Targets Early Launch of Border Trade Zone With Turkmenistan
The meeting, chaired by Deputy Prime Minister of Uzbekistan Zhamshid Khodjaev, focused on progress in the creation of Uzbek-Turkmen border trade zone. (Photo: mift.uz)

As a result of the meeting at the Ministry of Investments and Foreign Trade of Uzbekistan on Wednesday, the relevant officials were assigned tasks to accelerate the launch of the Uzbek-Turkmen border trade zone. 

The meeting, chaired by Deputy Prime Minister - Minister of Investments and Foreign Trade of Uzbekistan Zhamshid Khodjaev, focused on progress in the creation of Uzbek-Turkmen border trade zone in Shavat district of Khorezm region. It was attended by heads of relevant ministries and agencies, industry associations, and local authorities, according to the Ministry of Investments and Foreign Trade of Uzbekistan.

The parties analyzed in detail the execution of specific tasks set in the Protocol on the creation of "Uzbek-Turkmen border trade zone - Trade center" signed during the state visit of President of Uzbekistan to Turkmenistan in October this year.

The meeting participants also discussed the aspects of interaction with the Turkmen side to agree on working regimes of the Trade Center, the application of benefits and preferences in tax administration, customs and border control. The sides stressed the need for a consistent and high-quality joint work on issues arising in the course of the project.

At the end of the meeting the participants stressed the importance and prospects of the trade center's soonest launch for the development of trade-economic relations between the two countries and in this contex  t additional tasks were set to speed up the project.

The solemn ceremony to mark the laying of the foundation of the Uzbek-Turkmen border trade zone was held with the participation of President of Uzbekistan Shavkat Mirziyoyev and President of Turkmenistan Serdar Berdimuhamedov in October.

2022