(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, November 4. The Ministry
of Investment, Industry, and Trade of Uzbekistan and the Federal
Ministry for Commerce of Pakistan signed a memorandum of
understanding on cooperation in electronic commerce, Trend
reports.
The document was signed at a 9th meeting of the
Intergovernmental Commission on Economic Cooperation between
Uzbekistan and Pakistan.
The sides also signed the Final Protocol of the Commission
meeting.
Both countries discussed the current status and future prospects
for enhancing cooperation in trade, investment, industrial
collaboration, transport, and logistics, emphasizing the execution
of agreements made during high-level visits.
After thoroughly reviewing the implementation stages of joint
investment projects and trade agreements, the parties identified
specific measures to further enhance these indicators, including
increasing the effectiveness of the Preferential Trade Agreement,
organizing exhibitions of national products, and opening trade
houses of the two countries on a joint basis, as well as broadening
access for entrepreneurs on the electronic trading platforms of
both countries.
As part of their investment cooperation, a joint "Program for
Industrial Cooperation 2025-2026" will be developed, alongside
large-scale collaborative projects in agriculture, food processing,
IT, chemicals, textiles, and machinery. The parties agreed on
several initiatives to improve transport connectivity and
facilitate the movement of goods between the two nations.
Over the past five years, mutual trade volume has tripled, and
in 2024, the trade volume has increased by an additional 10
percent, surpassing $300 million. The number of joint ventures has
also tripled during this period, reaching 128, while road freight
transport has grown nearly 6.5 times, totaling 354,000 tons in
2023.
MENAFN04112024000187011040ID1108847957
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.