Uzbekistan and Georgia Eye $1 Billion Trade Turnover and Logistics Hub in Poti

The Intergovernmental Commission on Economic Cooperation between Uzbekistan and Georgia set a target to increase bilateral trade turnover to $1 billion. The decision was made on October 12 at the 11th session of the commission in Tsinandali, Georgia.

The session was chaired by co-chairs: Laziz Kudratov, Minister of Investment, Industry and Trade of Uzbekistan, and Mariam Krivishvili, Deputy Prime Minister and Minister of Economy and Sustainable Development of Georgia.

The sides discussed the expansion of a free trade regime and joint initiatives in industry, construction, agriculture, energy, and finance. Special attention was paid to developing the Transcaspian Transport Corridor and establishing an Uzbek logistics center at the Georgian port of Poti. The first pilot shipment of Uzbek goods to Europe has already been dispatched from this port.

The agenda also included expanding air connectivity, developing tourism, and strengthening inter-regional ties. The next Intergovernmental Commission session is scheduled in Tashkent.