The major event brought together representatives of the Turkish Presidential Administration, heads of ministries and departments, leading political scientists and experts from the two countries at the National Library of Turkey to discuss and develop conceptual solutions to scale up the strategic partnership between Uzbekistan and Turkey.

The speakers noted the convincing results of the growth dynamics of bilateral trade, economic and investment cooperation between Uzbekistan and Turkey. Thus, over the past five years, the volume of mutual trade between the two countries has increased 1.3 times, the number of enterprises with Turkish capital in Uzbekistan has tripled and reached 1,898, and the volume of FDI from Turkey has increased 10 times.0

Investment cooperation is steadily developing - 260 new Uzbek-Turkish joint ventures have been created over the past year, which has placed Turkey in third place in terms of the number of joint ventures in Uzbekistan among other partners. The number of scheduled flights between the two countries has increased 2.5 times to 90 per week.

At the same time, effective measures taken in Uzbekistan to further improve the investment climate, such as six percent annual economic growth, a 9% reduction in inflation, the development of a new version of the Law "On Investments" of direct action in accordance with WTO standards, the introduction of an effective FEZ management system, reduction of rates and the number of taxes, the start of a new large-scale programs of privatization and IPO of shares of large companies, the establishment of the Tashkent International Arbitration Center and much more.

The Uzbek side noted the country's firm commitment to further strengthen multifaceted relations with the Turkish government, investment and industrial circles. The participants of the meeting were called upon to work productively, and they also expressed their readiness to provide comprehensive assistance to the implementation of new proposals and projects.

During the event, the Turkish side highly appreciated the results of large-scale reforms implemented in Uzbekistan, put forward expert opinions and specific proposals for the development of cooperation in the field of trade, investment, industrial cooperation based on the symbiosis of Turkish experience and technology on the one hand and the qualifications of specialists, resource opportunities, advantages of the investment climate of Uzbekistan on the other.

All the proposals announced at the end of the symposium were accepted for further joint study and implementation.