In a positive development, Central Asian State seek access to Pakistan Gwadar Port

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In a positive development, Central Asian State seek access to Pakistan Gwadar Port

ISLAMABAD - Uzbekistan Deputy Prime Minister Sardor Umarzakov has expressed his country’s desire to utilise Karachi and Gwadar ports.

According to a statement issued by the Ministry of Commerce on Saturday, Adviser to Prime Minister on Commerce Abdul Razak Dawood and Uzbekistan Deputy PM Umurzakov recently held a video conference wherein both sides agreed on a Memorandum of Understanding (MoU) to establish a ‘Joint Working Group on Trade and Investment’.

Uzbek Ambassador to Pakistan Furqat Sidikov was also present on the occasion.

The agreement would be ready for signatures following necessary approval from the federal cabinet, the statement read.

During the meeting, both the sides expressed the desire to enhance bilateral trade relations by signing joint ventures in the fields of agriculture (fruits and vegetable), textile, pharma, tourism and construction.

The countries also agreed on greater utilization of institutions like ‘inter-governmental commission’ and ‘joint business council’ for giving impetus to government-to-government and business-to-business cooperation.

The deputy PM also requested Pakistan to support its cause in accession to Quadrilateral Traffic in Transit Agreement (QTTA), and share its experience with regard to achieving GSP Plus status.