Pakistan, Uzbekistan agree on preferential trade agreement

04 Feb '21

1 min read

Pic: Shutterstock

Pakistan and Uzbekistan recently agreed to enhance bilateral trade relations by signing a preferential trade agreement (PTA). At the first meeting of joint working group on trade and economic affairs and the meeting of tripartite working group on implementation of trans-afghan railway project in Tashkent, both sides reached an understanding on this.

Adviser to the Pakistani prime minister on commerce and Investment Abdul Razak Dawood, who is leading a delegation to Uzbekistan, represented the Pakistani side in the meeting.

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 information technology sectors, Pakistani media reported citing an official statement.

The Uzbek side invited the Pakistani delegation to organise a joint exhibition in Tashkent in June.

Earlier on Monday, Dawood called on Uzbek President Shavkat Mirziyoyev to discuss matters related to bilateral economic cooperation. Dawood also met Chamber of Commerce and Industry of Uzbekistan president Adkham Ikramov and discussed cooperation in textile, leather and engineering sectors.

Fibre2Fashion News Desk (DS)

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