Pakistan, Uzbekistan sign MoU

Our Correspondent

Islamabad: Pakistan and Uzbekistan signed an MoU to establish a Joint Working Group on Trade and Economic Affairs.

They will also work together for trade enhancement, promote intergovernmental projects in different sectors, and improve connectivity.

Uzbekistan’s delegation headed by Deputy Prime Minister and Minister for Investments & Foreign Trade Sardor Umurzakov arrived in Pakistan. The visiting delegation was received by Abdul Razzak Dawood, Advisor to the Prime Minister on Commerce and Investment, along with senior officials of Commerce and Foreign Affairs divisions.

Pakistan and Uzbekistan signed a Memorandum of Understanding (MoU) to establish a Joint Working Group on Trade and & Economic Affairs to work together for trade enhancement, promote intergovernmental projects in different sectors, and improve connectivity.

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In the discussions, both sides agreed to start negotiations for a bilateral Early Harvest Plan. This will ultimately proceed to Preferential Trade Agreement to provide increased market access to each other’s products.

They agreed to have Mutual Recognition Agreements (MRAs) to harmonize standards and sanitary and phytosanitary measures. Both also agreed to arrange a business forum for the private sector of both countries.

In the discussion, Pakistan and Uzbekistan resolved to optimally utilize trade & investment opportunities and work expeditiously to achieve the shared goal of strengthening political and commercial ties.

The nine-member delegation comprising of First Deputy Foreign Affairs and Deputy Ministers of Investment & Foreign Trade, Transport, and Senior Officials of Ministry of Investments & Foreign Trade called on the Prime  Minister and Chief of Army Staff.

The delegation also held meetings with the Ministers for Industries & Production and Maritime Affairs to actualize existing investment opportunities in textile, agriculture, pharmaceuticals, and tourism.

Both sides endeavor to work towards improved connectivity through land borders and shipping.