Baku, Azerbaijan, Dec. 20
By Fatih Karimov- Trend:
Iran and Uzbekistan signed a memorandum of understanding (MoU) to boost cooperation in aviation area.
Based on the document, the number of Tehran-Tashkent direct flights will increase to 16 per week, Iran's Tasnim news agency reported Dec. 20.
Currently two flights are carried out between the two cities per week.
In addition to Tehran and Tashkent, grounds are also prepared for launching direct flights between the Iranian cities of Shiraz, Isfahan, Mashhad and Uzbek cities of Samarkand and Bukhara as well.
Diplomatic relations between Iran and Uzbekistan were established in May 1992. To date, the two countries have signed over 30 agreements defining the principles and areas of bilateral cooperation.
Trade and economic ties between the two countries are regulated by the agreements "On trade and economic cooperation", "On mutual encouragement and protection of investments", "On avoiding double taxation and exchange of information on taxes on income and capital" as well as a number of intergovernmental memoranda.
Currently over 120 joint Iranian-Uzbek companies operate in Uzbekistan. The activities of these companies cover the production of consumer goods, textiles and agricultural products, carpets, services, implementation of export and import operations.
The trade turnover between Uzbekistan and Iran exceeded $250 million as of 2014, according to Iranian embassy.