India-Uzbekistan expert group to explore trade agreement

India and Uzbekistan recently agreed to establish an expert group to jointly undertake a feasibility study for a trade agreement to boost economic ties and commence negotiations for a preferential trade agreement by 2018 end, according to a joint statement issued by the two nations in New Delhi during a visit by Uzbek president Shavkat Mirziyoyev.

Mirziyoyev met Indian Prime Minister Narendra Modi in New Delhi during his two-day visit, according to a news agency report.

The two leaders also emphasised on the need to enhance efforts to achieve the target of bilateral trade worth $1 billion by 2020. The bilateral trade between the countries was $235 million in 2017-18 and $155.5 million in 2016-17.

Reader Interactions

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.