Uzbekistan and Georgia Aim for $1 Bn Trade Target with New Economic Roadmap
Uzbekistan and Georgia set a bold target to increase their bilateral trade volume to $1 bn, moving away from current levels of $268 mln. The ambitious economic milestone is to be achieved through enhanced industrial partnership, strategic investments and the optimization of regional transport networks.
The framework for this expansion was established during the Uzbek-Georgian Business Forum held in Tbilisi on July 1, 2026. The high-profile event, which brought together roughly 300 delegates from government bodies, financial bodies, industry groups and private businesses, was held just ahead of the first official state visit by Uzbek president Shavkat Mirziyoyev to Georgia in 23 years.
Unlocking logistics
A major pillar of the new bilateral agreement focuses on transport and logistics infrastructure. The two nations plans to capitalize heavily on the potential of the Middle Corridor, a multimodal trade route connecting Central Asia to Europe via the Caucasus.
Main part of this strategy is the development of a dedicated trade, logistics and manufacturing hub within the Poti Free Industrial Zone on Georgia’s Black Sea coast. To ensure structural continuity, officials have agreed to draft a comprehensive industrial cooperation programme running through to 2027, which will serve as the blueprint for launching new joint manufacturing initiatives.
Diversifying industry and technology
Beyond freight and transit, the forum pointed out several key sectors primed for joint investment, including agriculture, energy, electrical engineering and pharmaceuticals. In a bid to foster cross-border production, Georgian firms have been invited to build operations within Uzbekistan, specifically at the Tashkent Pharma Park innovation cluster.
The digital economy also featured prominently during the Tbilisi talks. Representatives from both nations identified financial technology, e-commerce, artificial intelligence, outsourcing services and the digitization of supply chains as critical areas for mutual growth.
Rising tourism links
Delegates at the forum noted a substantial rise in tourism, highlighting a growing cultural and social connection between the two Republics. The number of Georgian travellers visiting Uzbekistan has grown more than two and a half times compared to 2019 data, while travel from Uzbekistan to Georgia recorded a 50.2% increase in 2025.
The business forum concluded with the signing of several bilateral agreements and a series of targeted business-to-business (B2B) and government-to-business (G2B) sessions designed to fast-track the newly proposed commercial projects.
