Uzbekistan and India needs to increase the pace of bilateral trade and extend its range
Uzbekistan, Tashkent, April 23 /Trend D.Azizov/
Uzbekistan and India needs to increase the pace of bilateral trade and extend its range. This issue was discussed at today's meeting of the leadership of Uzbekistan Foreign Ministry with Ambassador of India Anumul Giteshem Sarma, the press service of the Foreign Ministry said on Monday.
The parties discussed the status and future directions of bilateral cooperation and noted that the Uzbek-Indian relations are derived on the strategic level after the talks between the two presidents held in May 2011 during the state visit of President Karimov to India. The overall package of economic agreements exceeded $2.2 billion.
The parties stressed that at present the most important task is to implement the reached agreements. Both sides also exchanged views on enhancing economic, trade and investment cooperation, including an increase in mutually beneficial trade and diversification of trade.
As previously reported representations of about 20 Indian companies, and organizations operating in different spheres of production and marketing of pharmaceutical products are accredited in Uzbekistan. The country has created more than 60 companies with Indian capital, including more than 10 - with one hundred percent Indian capital.
Bilateral trade between Uzbekistan and India increased by 6.3 percent - to $160 million in 2011.