News about trade: events, facts and developments on tafs uz.
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The National Statistics Committee reported a 10.8% increase in the number of business trips to Uzbekistan over the nine months of 2026. Citizens of Afghanistan remain the main participants in commercial exchange, accounting for more than 90% of all visits made for business purposes.
Sevara AzamovaAn unusual pedestrian walkway is planned to open along the 'gold market' in Dubai's trading district, Dubai Gold District. According to the district's director Rashid Al Hamadi, the facility is designed for residents and tourists and is meant to strengthen Dubai's position as a centre of global gold trade. An exhibition complex has also been announced.
Aziz KarimovA delegation of entrepreneurs from the Surkhandarya region held direct talks with business circles in Afghanistan's Balkh province. The parties named promising areas — poultry farming, textiles, construction materials, food industry, and mining; the head of Balkh's industry and commerce department estimated the potential trade turnover between the two countries at $5 billion. It was also agreed that Afghan doctors would visit the AKFA Medline medical center in Termez.
Otabek YusupovAccording to CBC News, cited by Anadolu, a trade agreement between Canada and the US will not be reached before the November 3 election. Canada's Minister of Trade Dominic LeBlanc confirmed that Ottawa will not rush into an agreement, and the threat of raising tariffs to 50% from 2027 remains in place.
Aziz KarimovThe leaders of Canada and the European Union are meeting at a two-day summit in Montreal to deepen their alliance in defense, artificial intelligence, and critical minerals. A possible 'associated member' status in the EU for Canada is being discussed, which Donald Trump has criticized. There are opponents of the rapprochement on both sides.
Aziz KarimovEU Trade Commissioner Maroš Šefčovič said the EU is 'walking a tightrope' in talks with Beijing, combining traditional trade measures with a political approach. The October 9 deal will cap imports of Chinese hybrids with quotas but will not reduce the record deficit. The EU is preparing new protection instruments, including a 'kill switch'.
Javlon TursunovVietnamese President To Lam visited Brussels, where he held meetings with European Commission President Ursula von der Leyen and European Council President Antonio Costa. The parties signed a joint statement on deepening cooperation in trade, investment and critical raw materials, called for the full implementation of the free trade agreement and the speedy ratification of the investment protection agreement.
Javlon TursunovAccording to NF Group data cited by Vedomosti, in 2026 about 60 retailers in Russia decided to reduce the number of stores — 54% more than in the second quarter. The clothing and footwear segment carries out optimization most often; 35% of brands are closing all offline locations.
Javlon TursunovGerman Chancellor Friedrich Merz said at the Berlin Global Dialogue conference that Europe does not seek a trade war with China, but is ready to defend its industries against unfair practices. According to him, trade defence instruments are being prepared on a Franco-German initiative, while dialogue with Beijing continues.
Javlon TursunovChair of the European Parliament's international trade committee Bernd Lange said the EU should pursue a comprehensive agreement with China, including an investment component, instead of sector-by-sector talks. The statement came ahead of a visit by 12 MEPs to Beijing on 27–29 October amid trade tensions and a recent deal on hybrid cars that Brussels considers insufficient to address a deficit of around €1 billion a day.
Javlon TursunovIraq closed the al-Shib border crossing with Iran from the morning of October 21 by decision of Prime Minister Ali al-Zaidi to review security measures. Officials cite a security check and the installation of screening equipment. Tehran said it was not notified in advance. A possible closure of other crossings could affect bilateral trade worth more than $10 billion.
Javlon TursunovUS Secretary of State Marco Rubio arrived in India on a three-day visit, saying New Delhi has made 'substantial progress' in diversifying oil supplies and that a trade agreement is 'very close' to being signed. He held talks with Foreign Minister S. Jaishankar and plans to visit Jamnagar.
Javlon TursunovUS Secretary of State Marco Rubio, during a visit to India, said that Indian refineries, including Reliance Industries, are capable of processing Venezuelan heavy oil and could provide short-term relief to shortages on the global market. He also said that the US and India are close to finalizing a trade agreement.
Javlon TursunovAt the SCO Council of Heads of Government meeting in Dushanbe, Russian Prime Minister Mikhail Mishustin proposed creating a working group on the space economy and expanding cooperation among the organization's member states in the field of artificial intelligence. An action plan for implementing the program of multilateral trade and economic cooperation was also approved.
Sevara AzamovaUS Secretary of State Marco Rubio said in a published video that Samarkand's historical role as a center of world trade is being restored today. According to him, hundreds of American companies have arrived in Uzbekistan to conclude agreements and long-term cooperation, and Washington sees great opportunities in trade, science and technology.
Aziz KarimovOver the past 10 years, Uzbekistan's trade turnover with Central Asian countries grew from 2.5 to almost 8.5 billion dollars, while the region's mutual trade reached about 11 billion dollars. Economist Javlon Vakhobov sees potential in integrating the seven regions of the Fergana Valley, with a population of about 18 million people, into unified production chains.
Nilufar KarimovaChina's Foreign Ministry responded to a Bloomberg report that the EU is preparing new trade powers to reduce the trade deficit with China. Foreign Ministry spokesperson Mao Ning called on Brussels to uphold free trade principles and WTO rules, noting that dialogue at the second meeting of the consultation mechanism showed that differences can be resolved.
Aziz KarimovAccording to the Turkish Exporters Assembly (TIM), Turkey's exports to ten BRICS countries in the first nine months of the year amounted to $18.2 billion. The largest destination was Russia ($4.1 billion, −2.5%), followed by the UAE ($3.3 billion), Egypt ($3.1 billion, +28.6%) and China ($3 billion, +40.8%). Overall Turkish exports grew by 5.2% to $210.9 billion.
Dilnoza Rahimova
