Uzbekistan, Iran discuss increasing mutual trade

BUSINESS 11:40 / 21.02.2022 3410

According to the press service of the MIFT, the parties discussed existing prerequisites for increasing bilateral trade. The sides expressed confidence in the availability of the potential and the necessary resources for a multiple increase in the volume of mutual trade in the near future and confirmed their mutual readiness to implement specific practical measures in this direction.

Tasks were set to deepen industrial cooperation between entrepreneurs of Uzbekistan and Iran. The priority areas for partnership in this area are the agro-industrial sector, water resources management, production of building materials, ferrous metallurgy, mechanical engineering, light industry and medicine. The prospects of establishing industrial cooperation between the subjects of special economic zones, in particular, between the FEZ "Chabahar", "Aras" (Iran) and the FEZ "Navoi" and "Angren" (Uzbekistan) were also emphasized. An agreement was reached on joint work on the preparation and approval of specific investment projects in the above sectors and the identification of their initiators from among the interested entrepreneurs of the two countries.

The parties welcomed the success achieved in bilateral negotiations held between the relevant ministries and departments of the two countries in the field of transport and logistics. 

It should be reminded that during the visit of the interdepartmental delegation of Uzbekistan to Iran, which took place in January 2022, a number of important agreements were signed on cooperation in the field of developing transport corridors and increasing the transit of goods through the territories of the two states.

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