Uzbekistan, India intend to further increase trade turnover

Finance Materials 17 September 2022 11:09
Baku, Azerbaijan Trend News Agency
Uzbekistan, India intend to further increase trade turnover

Uzbekistan and India plan to bring mutual trade turnover up to $1 billion in the coming years,Trend reports via the press service of the Uzbek president.

This was discussed during a meeting of the President of the Republic of Uzbekistan Shavkat Mirziyoyev with the Prime Minister of the Republic of India Narendra Modi in Samarkand (Uzbekistan).

During the meeting, the parties discussed issues of further developing mutually beneficial cooperation and expanding the scope of strategic partnership relations.

The leaders noted the growth in the volume of bilateral trade. Since the beginning of this year, the trade turnover has grown by 30 percent. Over the past six years, the number of joint ventures has increased 5 times.

The parties also noted the need to accelerate adoption and implementation of cooperation programs in the trade, economic, investment, scientific and educational fields, as well as agreements on the promotion and mutual protection of investments.

As a result of the meeting, an agreement was reached on taking additional measures to promote joint projects and cooperation programs in priority areas of interaction.