Georgian PM strengthens ties with Uzbekistan, aiming for $1 billion trade goal

Georgia and Uzbekistan share a deep historical connection, cultural ties, and strategic importance in the Eurasian region. On March 4, Georgian Prime Minister Irakli Kobakhidze began a two-day official visit to Uzbekistan, aimed at further strengthening bilateral relations. The discussions focused on expanding cooperation in trade, investment, transportation, logistics, tourism, and cultural exchange.

In 2024, trade turnover between Georgia and Uzbekistan increased by 50 percent, reflecting growing economic ties. However, both countries see greater potential for expansion. During the visit, the leaders agreed to leverage the Free Trade Agreement to potentially triple trade volume to $1 billion in the coming years.

Additionally, both nations play a key role in the Middle Corridor, also known as the Trans-Caspian International Transport Route, which connects China and Europe through Central Asia and the Caucasus. Prime Minister Kobakhidze highlighted its importance, stating that developing connectivity through the Middle Corridor is a key task, and cooperation with Central Asian countries, particularly Uzbekistan, is of great importance.

Tourism was also an important topic during the discussions. Uzbekistan, with its Silk Road heritage, UNESCO World Heritage Sites, and rich culture, presents an attractive destination for Georgian travelers. Similarly, Georgia’s mountains, forests, and renowned cuisine make it an appealing choice for Uzbek tourists. Expanding tourism cooperation will strengthen cultural ties and mutual understanding between the nations.

On the first day of the visit, PM Kobakhidze met with Nuriddin Ismoilov, Speaker of Uzbekistan’s Legislative Chamber, and Tanzila Narbaeva, Chair of the Senate. The discussions focused on enhancing intergovernmental and interparliamentary cooperation.

On March 5, the 10th Meeting of the Intergovernmental Commission for Economic Cooperation was held in Tashkent, co-chaired by Georgia’s First Vice Prime Minister Levan Davitashvili and Uzbekistan’s Vice Prime Minister Jamshid Khodjayev. The session explored potential collaborations in transport, tourism, trade, 5G networks, and artificial intelligence.

Later that day, Prime Minister Kobakhidze met with Uzbek President Shavkat Mirziyoyev to discuss strengthening economic ties, with a strong focus on connectivity and investment opportunities. The Georgian prime minister also presented investment prospects in key sectors such as tourism, energy, real estate, logistics, and IT.

Georgia and Uzbekistan share numerous untapped opportunities for deeper cooperation. By focusing on key sectors and fostering strategic partnerships, both nations can achieve mutual economic growth and stronger diplomatic ties.

Adkhamjon Janobiddinov