India, Uzbekistan explore preferential trade agreement

20 Jan '20

1 min read

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India and Uzbekistan recently agreed to conclude early a joint feasibility study to start negotiations for a preferential trade agreement (PTA). This was agreed to during a meeting of Uzbek foreign minister Abdulaziz Kamilov and his Indian counterpart S Jaishankar in New Delhi. Both agreed to strengthen cooperation in various fields and development partnerships.

Jaishankar reiterated the need for early operationalisation of a $200-million line of credit extended by India to Uzbekistan for which the Uzbek side is in the process of finalising project details.

Kamilov briefed Jaishankar on his country’s efforts to liberalize the economy, create business-friendly conditions and attract foreign investment, according to a report in a top business daily.

Both evaluated the initiative of the India-Central Asia Dialogue at the level of foreign ministers with the participation of Afghanistan that was held in Samarkand in January 2019. The next dialogue will be held in India this year.

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