Free trade regime introduced between Uzbekistan and Turkmenistan
The Ministry of Investment, Industry and Trade of Uzbekistan announced the completion of the bilateral implementation of the necessary procedures for the entry into force of the Protocol on exemptions from the free trade regime to the Agreement between the Government of the Republic of Uzbekistan and the Government of Turkmenistan on the main directions of long-term trade and economic cooperation, signed on July 16, 2024 in Tashkent.
Thanks to this, a free trade regime was introduced between Uzbekistan and Turkmenistan on February 25, 2025.
As a result of the introduction of the regime, customs duties on goods produced in the territory of the two countries have been abolished, with the exception of certain types of products, existing restrictions in mutual trade in goods have been eliminated, and trade procedures have been simplified.
For example, customs duties have been abolished on goods supplied from Uzbekistan to Turkmenistan, such as cement products (customs duty 100%), textiles (50%), furniture (50%), glassware (50%), water heaters (15%), plastic and polypropylene products (10%), sausages and meat products ($2 per kg), cottonseed oil ($1 per kg). The application of the duty-free trade regime will create the basis for increasing mutual trade between the two countries by expanding investment cooperation and developing industrial cooperation.
The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan, together with the responsible ministries and departments, has launched a mechanism to ensure the effective use of the free trade regime between Uzbekistan and Turkmenistan when exporting Uzbek products to the Turkmen market.
In 2024, trade turnover between the two countries amounted to $1.14 billion, an increase of 5.5% compared to the previous year.
ORIENT
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