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Uzbekistan, Pakistan preparing to sign preferential trade agreement

Business Materials 25 August 2021 10:32 (UTC +04:00)
Uzbekistan, Pakistan preparing to sign preferential trade agreement

Baku, Azerbaijan, Aug. 25

By Fakhri Vakilov-Trend:

Deputy Prime Minister – Uzbekistan’s Minister of Investments and Foreign Trade Sardor Umurzakov and Adviser for Commerce and Investment to Pakistani Prime Minister Abdul Razak Dawood discussed issues of interaction in preparation for the signing of the Agreement on preferential trade between Uzbekistan and Pakistan, Trend reports with reference to Uzbekistan's Minister of Investments and Foreign Trade.

They also considered the agenda of multifaceted cooperation between the two states.

The sides voiced mutual readiness to continue joint work and implement the planned measures to deepen trade, economic, industrial, investment and transport and logistics cooperation.

Issues of deepening cooperation in the banking and financial spheres were also discussed.

The parties agreed to intensify bilateral negotiations in order to speed up the coordination of existing issues.

Moreover, a "Road Map" will be agreed upon in the near future for the practical implementation of the Trade and Transit Agreement signed in July this year (following the visit of Pakistani Prime Minister Imran Khan to Uzbekistan), indicating specific mechanisms and responsible persons on both sides.

The parties voiced their readiness to take effective measures to ensure stable transit traffic regarding the topic of transport and logistics cooperation. The issues of deepening cooperation in the banking and financial sphere were also discussed.

Following the meeting, the parties agreed to expeditiously complete the coordination of the Action Plan for the high-quality and timely implementation of all agreements reached in the course of bilateral events with the Pakistani side in July this year.

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