Iran strengthens trade ties with Uzbekistan with new food industry sales office
The current trade volume between Iran and Uzbekistan stands at approximately US$500 million
Iran has established a permanent sales office for its food industry products in Tashkent, Uzbekistan, aiming to boost bilateral trade and strengthen economic cooperation between the two nations.
The head of the Iran-Uzbekistan Joint Chamber of Commerce highlighted this initiative as a key step in enhancing commercial relations, as reported by Tehran Times, a partner of TV BRICS.
The current trade volume between Iran and Uzbekistan stands at approximately US$500 million. Efforts are underway to increase this amount, with discussions focused on trade facilitation, including the development of multimodal transportation routes via Iranian ports and the establishment of joint regional corridors to enhance goods transit to Russia and India.
Iran is also looking to expand its role in Uzbekistan’s knowledge-based sectors, construction materials, agricultural equipment, and engineering services.
Additionally, Iran has expressed its readiness to support Uzbekistan’s agricultural sector by supplying necessary machinery and sharing expertise.
Talks on a preferential trade agreement (PTA) between the two countries are progressing, with both sides aiming to increase annual trade exchanges to US$5 billion. This agreement is expected to include preferential tariffs on key goods to facilitate smoother trade flows, as reported by the source.
Photo: iStock
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