Uzbekistan and Belarus Target $1 Billion in Trade
Economy
Uzbekistan and Belarus are expanding regional cooperation and aim to surpass the historic milestone of $1 billion in bilateral trade by the end of 2026. New industrial, investment and humanitarian projects are being discussed at the third Forum of Regions of the two countries.
The Uzbek delegation includes more than 100 representatives from 14 regions, ministries, industrial enterprises, financial institutions and the investment community. Ahead of the main forum events, delegates visited industrial and agricultural facilities across Belarus to explore opportunities for launching joint projects.
Representatives of the Tashkent region studied modern woodworking technologies and innovative ecotourism solutions, while delegations from the Tashkent region and Karakalpakstan visited the Minsk Free Economic Zone. Particular attention was paid to the production of aluminium structures, automated industrial solutions and sophisticated medical equipment.
One of the forum’s key outcomes was the signing of a 2026–2028 cooperation action plan between the Minsk and Tashkent regions. The document covers agriculture, industry, education, healthcare, culture and the social sector. A separate cooperation agreement was also signed between the Minsk Free Economic Zone and the government of Karakalpakstan.
Economic ties between the two countries continue to show strong growth. Bilateral trade reached nearly $855 million in 2025, rising by 34.8%. Trade in services increased by 56.1% to $207.9 million. During the first five months of the current year, mutual trade grew by almost 40%.
The two sides expect bilateral trade to exceed $1 billion as early as 2026. The next strategic goal, set by the presidents of Uzbekistan and Belarus, is to raise mutual trade turnover to $2 billion within the next several years.
Representatives of the Tashkent region studied modern woodworking technologies and innovative ecotourism solutions, while delegations from the Tashkent region and Karakalpakstan visited the Minsk Free Economic Zone. Particular attention was paid to the production of aluminium structures, automated industrial solutions and sophisticated medical equipment.
One of the forum’s key outcomes was the signing of a 2026–2028 cooperation action plan between the Minsk and Tashkent regions. The document covers agriculture, industry, education, healthcare, culture and the social sector. A separate cooperation agreement was also signed between the Minsk Free Economic Zone and the government of Karakalpakstan.
Economic ties between the two countries continue to show strong growth. Bilateral trade reached nearly $855 million in 2025, rising by 34.8%. Trade in services increased by 56.1% to $207.9 million. During the first five months of the current year, mutual trade grew by almost 40%.
The two sides expect bilateral trade to exceed $1 billion as early as 2026. The next strategic goal, set by the presidents of Uzbekistan and Belarus, is to raise mutual trade turnover to $2 billion within the next several years.
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