Baku, Azerbaijan, Nov. 1
By Elnur Baghishov - Trend:
The enforcement of provisions stipulated in the Preferential Trade Agreement (PTA) between Iran and Uzbekistan can pave the way for further development of bilateral ties between the two sides, Deputy Minister of Industry, Mine and Trade of Iran and President of Trade Promotion Organization of Iran (TPO) Mojtaba Khosrotaj said, SHATA news agency reported.
He maintained that trade and business cooperation between the two countries has expanded from a merely business activity to a scientific, engineering, energy and technological cooperation, and today, Iranian companies are cooperating with Uzbek companies either independently or within joint venture (JV) contracts, he said.
"This cooperation includes production of medicines, medical equipment, construction materials, chemical and petrochemical products, automotive, agriculture and food products," the deputy minister said, adding one of the largest ceramics and tile production companies will be put into operation in Uzbekistan in the near future.
Khosrotaj also drew attention to the road map for industrial, technical, engineering and tourism cooperation between Iran and Uzbekistan.
The road map has been submitted to Uzbekistan's government and will be put atop the two countries' agenda after Uzbekistan finishes reviewing it, he added.
Trade volume between Iran and Uzbekistan in recent years ranged within $200-$300 million.
