Uzbekistan is one of the fastest-growing markets in the region and offers significant opportunities for Georgian companies, according to Levan Vepkhvadze, Executive Director of the Georgian Business Association. Speaking to BMG, he said the country's population is increasing by around one million people annually, driving demand for a wide range of products and services. Several Georgian companies are already operating successfully in Uzbekistan, while others are exploring market entry.
Vepkhvadze said one of the most promising areas for cooperation is processing Uzbek raw materials in Georgia before exporting finished products to Europe. He noted that Uzbekistan's abundant natural resources create opportunities for a value-added production model, although the commercial viability will depend on logistics costs and the competitiveness of the final products in international markets.
Potential areas of cooperation include agriculture and mineral resources. Vepkhvadze highlighted opportunities to process fruit into juice concentrates and other food products, as well as iodizing Uzbek salt in Georgia before supplying it to export markets. He said there are numerous raw materials that could support mutually beneficial industrial partnerships between the two countries.
Investment cooperation is also expected to focus on logistics and transport. According to Vepkhvadze, Uzbek businesses view Georgia as a strategic gateway to European markets, making investments in logistics infrastructure particularly attractive. These issues were discussed at the Georgia-Uzbekistan Business Forum, which hosted 74 Uzbek companies. Trade between the two countries has been growing, largely driven by vehicle re-exports, with Georgia's exports to Uzbekistan reaching $220 million last year, while imports totaled $89 million in 2025.
