Pakistan, Uzbekistan to Finalize Preferential Trade Agreement Soon

The government of Pakistan on Tuesday announced that the Preferential Trade Agreement (PTA) aimed at increasing trade between Pakistan and Uzbekistan would be finalized in the month of March.

Commerce and Investment Advisor to the Pakistan Prime Minister Office, Abdul Razak Dawood said that the Uzbekistan president will visit Pakistan on 2-3 of March to participate in the PTA signing ceremony.

Dawood added that Uzbekistan President Shavkat Mirziyoyev will discuss ways to improve bilateral economic and trade relations and also will sign various bilateral trade agreements during his visit to Pakistan.

According to Dawood, besides discussion on enhancing bilateral trade and transit trade, Pakistani and Uzbekistani top leadership would also discuss steps to enhance the connectivity with Afghanistan.

Dawood said a strong economic bloc could be established between Pakistan, Afghanistan, and the five Central Asian countries, which would enable trade in goods to reach Russia and European countries.

Dawood said there is already an agreement reached between Pakistan, Afghanistan, and Uzbekistan, which is able to transit trade trucks to supply goods between the three countries.

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