DEVELOPMENT AND SUSTAINABILITY OF TÜRKIYE-UZBEKISTAN FOREIGN TRADE

Foreign trade activities are extremely important for the economic development of countries. It is possible to say that increases in foreign trade revenues are of great importance, especially in terms of increasing gross national product. Foreign trade activities directly affect economic growth both by causing increases in production volume due to increases in demand for national goods and services and by redirecting the income obtained as a result of export activities to production. In addition, it is possible to say that foreign trade activities have a positive impact on employment rates, especially in developing countries with young populations. In addition, foreign trade activities have significant effects on exchange rates and inflation. Increasing foreign trade activities, especially export revenues, which have such significant macroeconomic effects, is of great importance for two developing countries, Türkiye and Uzbekistan. Aware of this importance, the two countries are demonstrating a tendency to increase their mutual trade. This study provides information on the development of foreign trade between Turkey and Uzbekistan over the years and the sustainability of trade between the two countries.