News

Uzbekistan, South Africa Agree to Launch a Discussion’s Framework on Trade

Uzbekistan, South Africa Agree to Launch a Discussion’s Framework on Trade
Wednesday, 18 February 2026 14:20
  • Uzbekistan and South Africa agreed to establish a bilateral Intergovernmental Commission on Trade and Economic Cooperation and a joint working group.
  • Discussions were held with government officials and industry representatives to explore cooperation in multiple sectors.
  • Talks included discussions with major South African companies on project implementation in petrochemicals, pharmaceuticals, mining, infrastructure, healthcare and agribusiness.

From 9 to 14 February 2026, an interagency working group of the Republic of Uzbekistan, led by Deputy Minister of Investment, Industry and Trade Shokhrukh Gulamov, conducted a working visit to the Republic of South Africa. The visit included a programme of meetings with South African government officials and private sector representatives aimed at deepening bilateral economic cooperation and expanding trade links.

During the visit, the Uzbek delegation held discussions with South African Deputy Minister of International Relations and Cooperation Thandi Moraka, Minister of Trade, Industry and Competition Parks Tau, and Presidential Investment Advisor Alistair Ruiters. Following the negotiations, agreements were reached to strengthen the legal and regulatory framework governing bilateral trade and economic cooperation, establish a bilateral Intergovernmental Commission on Trade and Economic Cooperation, and set up a joint working group tasked with increasing bilateral trade turnover.

In addition to government‑to‑government discussions, the delegation held meetings with executives from leading South African companies, including Sasol, Intertoll Africa, Aspen Pharmacare, Amka Products (Pty) Ltd, Life Healthcare, Brimstone Investment Corporation, Tsico Africa Group, Capespan, and Mechem S.A. The engagements focused on prospects for launching joint projects and investment implementation in sectors such as petrochemicals, pharmaceuticals, mining, infrastructure, healthcare, and the agro‑industrial value chain.

The joint working group, formed under the intergovernmental framework, is expected to begin technical sessions later in 2026 to identify priority projects, harmonise customs and regulatory processes, and develop a roadmap for achieving measurable increases in bilateral trade and investment flows. Transitional arrangements and detailed work plans remain under development by both sides.

The agreements are part of Uzbekistan's ongoing efforts to diversify its export base and deepen economic integration with partners beyond traditional Eurasian corridors. South Africa, as the continent’s second‑largest economy, represents a strategic partner for expanding Uzbekistan’s trade links into African markets and promoting cooperation across key industrial sectors.

Cynthia Ebot Takang

 

On the same topic
Montage Gold secures five exploration permits in northern Mauritania Move supports efforts to reduce reliance on Tasiast mine $2 million...
Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new IMF report revealed fiscal pressures worse than...
(EBID) - The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) concluded its 24th Annual General Meeting (AGM) in Accra, Ghana,...
African finance ministers in Washington flagged a worsening economic outlook, with IMF projecting continental growth slipping from 4.5% in 2025 to 4.2%...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.