Pakistan, Uzbekistan Sign Mous To Increase Bilateral Trade To USD One Bln
Date
12/26/2022 3:10:47 PM
(MENAFN- Kuwait News Agency (KUNA)) ISLAMABAD, Dec 26 (KUNA) -- Pakistan and Uzbekistan on Monday finalised agreements to expand investment and increase bilateral trade to USD one billion during the visit of Uzbek Deputy Prime Minister Khodjave Jamshid Abdukhakimovich to Islamabad on Monday.
According to Pakistan's Commerce Ministry, Pakistan and Uzbekistan finalised agreements to expand investment and increase bilateral trade to USD one billion.
To this end, Qamar and Abdukhakimovich signed nine MoUs, as both discussed the implementation of the Agreement between Uzbekistan and Pakistan on Transit Trade (AUPTT) and Uzbekistan would notify rules in this regard in February.
They also decided to undertake a joint visit to the Afghan capital in the last week of January to discuss problems faced by Pakistani and Uzbek transporters.
Both sides agreed to formulate a joint strategy for transit trade through Afghanistan, alongside regional understanding on Transit and Trade Framework to be prepared including joint fund and mechanism for the upkeep of road infrastructure in Afghanistan, said the ministry.
Additionally, Uzbekistan requested an off-dock terminal at Karachi and Gwadar ports and was assured full facilitation, with talks to the media on the occasion.
Commerce Minister also mentioned the two countries had decided to implement the Preferential Trade Agreement from February 1, 2023, as earlier this year.
Uzbek President Shavkat Mirziyoyev had visited Pakistan and signed a number of agreements and MoUs. (end)
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