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Pakistan and Uzbekistan agree to sign privileged trade agreement

Islamabad: As per a recent report, Pakistan and Uzbekistan have signed an agreement to enhance bilateral trade relations by entering into a Preferential Trade Agreement (PTA).

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As per the report, the understanding was reached at the first meeting of the Joint Working Group of Pakistan and Uzbekistan on Trade and Economic Affairs and the meeting of Tripartite Working Group on Implementation of Trans-Afghan Railway Project in Tashkent, said a press statement issued on Tuesday. Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood, who is leading a delegation to Uzbekistan, represented the Pakistani side in the meeting.

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The two sides discussed enhancing banking cooperation, working on rail and road connectivity matters and establishment of off-dock terminals. They also resolved to cooperate in shipping, textile, engineering, and IT sectors. The Uzbekistan side invited the Pakistan business delegation to organize a joint exhibition in Tashkent in June of this year.

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