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Uzbekistan and Pakistan recently agreed to finalise a preferential trade agreement (PTA) within three months to boost bilateral trade volume. At the 6th meeting of the Uzbek-Pakistani Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) in Tashkent, both sides agreed to form joint working groups on several sectors to boost cooperation.
The meeting was co-chaired by Uzbek deputy prime minister and minister of investments and foreign trade Sardor Umurzakov and Pakistan’s commerce adviser to the prime minister Abdul Razak Dawood.
Both sides agreed that the trans-Afghan corridor connecting the countries would play an important role in enhancing bilateral trade between the two countries, according to Pakistani media reports.
The parties agreed to deepen partnership in the field of industrial cooperation, including by organising joint ventures in the field of textile industry, assembly of agricultural machinery, processing and packaging of fruit and vegetable products.
It was settled to deepen cooperation in energy and mineral sector, agriculture, transportation and communication, labor, education, tourism, science and technology, technology parks, housing and communal services, intercity collaborations, standards, meteorology, culture and youth affairs.
In April this year, Prime Minister Imran Khan and Uzbek President Mirziyoyev held a virtual summit to discuss the joint promotion of the project for the construction of the Trans-Afghan railway, increasing the trade turnover, enhancing cooperation between leading enterprises and companies of the two countries, resuming air traffic, developing inter-regional contacts, cultural and humanitarian exchanges.
Fibre2Fashion News Desk (DS)
Uzbekistan and Pakistan have agreed to finalise a preferential trade agreement within three months to boost bilateral trade volume. At the 6th meeting of the Uzbek-Pakistani Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation in Tashkent, both sides agreed to form joint working groups on several sectors to boost cooperation.