Ministry of Commerce of the Islamic Republic of Pakistan

02/01/2021 | Press release | Distributed by Public on 02/01/2021 11:20

The First Meeting of Joint Working Group on Trade and Economic Affairs and the meeting of Tripartite Working Group, Tashkent (Uzbekistan) the 1st February, 2021

Tashkent (Uzbekistan) the 1st February, 2021: The Advisor to the Prime Minister on Commerce and Investment, Mr. Abdul Razak Dawood, is leading a delegation to the Republic of Uzbekistan. Apart from Mr. Dawood, the delegation includes officials of Ministry of Commerce and other related ministries and departments. The visit is a follow-up to the visit of the Deputy Prime Minister of the Republic of Uzbekistan, Dr. Sardor Umurzakov, on 10th in September 2020.
The First Meeting of Joint Working Group on Trade and Economic Affairs and the meeting of Tripartite Working Group on the Implementation of the Trans-Afghan Railway Project would be held from 1st February, 2021 to 4th February, 2021.
On Monday, the Advisor called on the H.E. Shavkat Mirziyoyev, the President of Uzbekistan and discussed with him matters related to economic cooperation between the two countries. He also met the Mr. Adkham Ikramov, the President of the Chamber of Commerce and Industry of Uzbekistan and discussed cooperation in textile, leather and Engineering Sector with him.
During the 1st meeting of the Joint Working Group, both sides expressed their desire to enhance bilateral trade relations between the two countries. In this regard, the two sides discussed Streamlining Bilateral Phytosanitary Standards, enhancing Banking Cooperation, working on Rail and Road connectivity matters and establishment of off dock terminal. The two sides showed resolve to enter into Preferential Trade Agreement (PTA). It was highlighted in the meeting that private sector is quintessential for bilateral trade, therefore the two side resolved to have cooperation in shipping, textile, engineering and IT sectors. The Uzbek side invited Pakistan Business Delegation to organize a Joint Exhibition in Tashkent in June, 2021.
Both side also discussed the possibility of establishment of Joint Cargo Company by private sector, which can mitigate connectivity issues. The two sides also discussed to revive the Joint Business Council, and assured that bilateral engagements like Inter Governmental Commission will be held more frequently.
Pakistan has deep shared historic connections with Uzbekistan especially with regard to culture, art, crafts and traditions. Its cities like Samarkand and Bukhara have been the centres of Islamic civilization and learning. Diplomatic Relations between Pakistan and Uzbekistan were established when it gained independence from Soviet Union in 1991. Both countries are members of Organisation of Islamic Cooperation, Economic Cooperation Organisation and the Shanghai Cooperation Organisation.