News of Cental Asia
09.03.2025
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1071
Uzbekistan and Turkmenistan Introduce Free Trade Regime
Since February 25, Uzbekistan and Turkmenistan have implemented a free trade regime, eliminating customs duties on domestically produced goods, except for certain products.
In 2024, trade turnover between the two countries reached $1.14 billion, marking a 5.5% increase from the previous year. The new regime removes trade restrictions and simplifies procedures, boosting economic cooperation.
Turkmenistan has lifted import duties on Uzbek cement (100%), textiles (50%), furniture (50%), glassware (50%), and other goods. Officials expect duty-free trade to strengthen industrial ties and increase bilateral trade.
Read more: https://gov.uz/en/miit/news/view/39378
