Prime Minister Imran Khan, who is also the Minister of Commerce, will see the signing ceremony. The TTA will allow the transfer of goods, vehicles and drivers, to Uzbekistan and its borders along with other Central Asia Republics (CARs) including rail and road. Pakistan will provide similar services outside of India. Uzbeks can use our seaports. The TTA will be administered under the Customs of Customs Convention on the International Transport of Goods under Cover of TIR (Transports Internationaux Routiers).
On April 30, 2021, the first deployment to the TIR was directed to Uzbekistan via the Torkham border station.
Uzbekistan already has a Transit Trade Agreement with Afghanistan and Pakistan has its own agreement with Afghanistan, which means that after the agreement there will be a smooth flow of goods, resources continue.
Both countries have almost finalized the Preferential Trade Agreement (PTA) but Tashkent is yet to sign it, citing reasons for the delay.
On April 14, 2021, the President of Uzbekistan Shavkat Mirziyoyev and Prime Minister Imran Khan held their first Virtual Summit. The President of Uzbekistan extended his invitation to the Prime Minister, Imran Khan, to attend a high-level International Conference on Regional Relations to be held in July 2021. Both leaders agreed that trade and economic cooperation was crucial in strengthening bilateral relations. They also saw the great economic power of mutually beneficial relationships.
They agreed to increase bilateral trade through joint trade-offs, expand business-to-business communications, trade exchanges and extend visa facilitation.
The two leaders emphasized the importance of regional integration and connectivity as a cornerstone of economic development and development. They welcomed the exchanges of high-profile visits to the commercial, rail and aviation sectors in this regard.
The importance of merging the Uzbekistan-Pakistani business week with the Tashkent business conference was also discussed in July, 2021. Official sources told Business Recorder that more than eighty entrepreneurs would also attend the conference and hold B2B meetings with business partners.
According to a study by the Pakistan Business Council (PBC) there are many ways to ship goods from Pakistan to Tashkent, including one of the lowest cost, one of the most cost-effective shipping methods, the most cost-effective shipping method and the most environmentally friendly delivery method.
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