Pakistan and Uzbekistan ink landmark transit trade agreements

Pakistan and Uzbekistan ink landmark transit trade agreements

ISLAMABAD – Pakistan and Uzbekistan on Monday finalised agreements tofurther enhance investment and increase the bilateral trade volume to $1billion.

Commerce Minister Syed Naveed Qamar and Uzbek deputy Prime Minister SardorUmurzakov signed the Preferential and Transit Trade agreements, which willbe implemented from next month.

The commerce minister said the two sides had agreed to form a jointstrategy to launch transit trade via Afghanistan. “We have also proposedestablishment of trilateral forum comprising Pakistan, Uzbekistan andAfghanistan to facilitate trade,” he said.

Syed Naveed Qamar further said Pakistan and Uzbekistan had also agreed toorganize single country exhibitions to market, promote and facilitate theirmanufacturers of export products, state broadcaster reported.