The Uzbek First Deputy Minister of Investments and Foreign Trade Laziz Kudratov held online talks with the Turkish Deputy Minister of Trade Gonca Yılmaz Batur, Dunyo reported.
The parties considered the outcomes of six rounds of expert negotiations on the terms of signing the bilateral preferential trade agreement, focusing on the early completion of the formation of a short list of goods, in respect of which, on a reciprocal basis, preferential terms for market access will be provided.
With the view of the sensitive sectors of the economy, the interests of business and society, the parties agreed on a parity basis to apply modalities of granting preferences in mutual trade to selected types of goods. In particular, it provides for the application of a tariff quota, full and partial exemption from customs duties.
The counterparts also agreed to complete negotiating the terms for granting preferences in relation to the selected goods before the year-end, as well as prepare the agreement for signing in early 2021.
