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Uzbekistan-Iran ties to grow in trade, investment sectors
The Uzbek minister held meetings with Mohammadreza Aref, Iran’s vice president, and Mohammad Atabak, the minister of industry, mines and trade, according to fvpresident.ir.
During the negotiations, the parties reviewed the current state of trade and economic cooperation between Uzbekistan and the Islamic Republic of Iran, including the implementation of existing agreements and joint projects, and together identified priority areas for further cooperation.
Joint steps were agreed upon to increase the volume of mutual trade. Among the key measures is the expansion of opportunities for entrepreneurs within the framework of the preferential trade agreement (PTA) between the two countries.
Both sides reaffirmed their commitment to deepening bilateral relations and determined the dates for the next 16th meeting of the Intergovernmental Joint Commission between Uzbekistan and Iran, as well as a joint business forum within its framework in the first quarter of 2025.
As a result of the negotiations, a bilateral statement was signed, including the agreements reached on the further development of Uzbek-Iranian cooperation in trade, economic, investment, and transport sectors.