President of Uzbekistan Shavkat Mirziyoyev held talks with Cemil Kazancı, Chairman of the Board of Directors of Turkish energy company Aksa Energy, on the sidelines of the inaugural meeting of the Council of Foreign Investors in the Fuel and Energy Sector.
The meeting focused on expanding cooperation between Uzbekistan and Aksa Energy, particularly the company's participation in projects aimed at developing and technologically modernizing the country's energy sector.
During the talks, the parties reviewed opportunities to strengthen mutually beneficial cooperation and advance projects involving the Turkish company. At the conclusion of the meeting, both sides agreed to accelerate work on specific projects.
Earlier Daryo reported that Uzbekistan and Türkiye have completed another round of negotiations on expanding their Preferential Trade Agreement, reaching an understanding on extending the list of products eligible for trade preferences as part of efforts to raise bilateral trade turnover to $5bn. A Turkish delegation headed by Deputy Minister of Trade Mustafa Tuzcu visited Uzbekistan for discussions on strengthening trade relations between the two countries.
During the visit, the Uzbekistan–Türkiye Working Group on the Preferential Trade Agreement convened a meeting co-chaired by Uzbekistan's Deputy Minister of Investment, Industry and Trade Akram Aliyev and Türkiye's Deputy Minister of Trade Mustafa Tuzcu. According to Uzbekistan's Ministry of Investment, Industry and Trade, the two sides examined proposals to expand the range of goods covered by preferential trade arrangements on a reciprocal basis.
Following the third round of negotiations, both parties reached a mutual understanding on the proposed changes to the agreement.