Evaluation of the Economic Relations between Turkey and Uzbekistan

Abstract

This paper aims to analyze the economic relationship between Turkey andUzbekistan, placing special importance on trade relations. To this end, thedata of selected macroeconomic indicators, selected development indicators, selected demographic indicators and indicators for technology andcommunication, tourism and foreign direct investments are reported andexamined. In order to analyze the trade patterns between Turkey and Uzbekistan, as a contribution to the existing literature, in this paper, we willuse a complementarity index and bilateral revealed comparative advantage indexes simultaneously to evaluate the trade relations between Turkeyand Uzbekistan in detail. The findings of the paper show that there is hugepotential to further develop economic relations between Uzbekistan andTurkey. Strengthening and developing Uzbekistan-Turkey relations willcreate gravity for the other countries in the region and will play a key rolein sustaining not only the relations between Turkey and the regional countries, but the relations among the regional countries.