News ID: 272041
Published: 0300 GMT July 26, 2020

Iran hails growing trade ties with Uzbekistan

Iran hails growing trade ties with Uzbekistan

Iran’s vice president for economic affairs highlighted the flourishing trade interactions with Uzbekistan, stressing the need for plans to remove obstacles to economic exchanges created by the coronavirus outbreak.

In a videoconference with Uzbekistan’s Minister of Investments and Foreign Trade Umurzakov Sardor Uktamovich, Mohammad Nahavandian said the relations between Tehran and Tashkent have been growing rapidly in various fields, reported Tasnim News Agency.

The trade exchanges between Iran and Uzbekistan rose by 40 percent in 2019, Nahavandian said, stressing that such progress would be in the interests of the two countries and the entire region.

He also called for efforts to compensate for a decline in the economic interactions in the aftermath of the coronavirus outbreak, saying the two states can make up for the decrease through various ways.

The Iranian vice president also noted that his country’s experts are prepared to provide Uzbekistan with technical and engineering services.

The Uzbek minister described Iran as a major partner of his country, saying Tashkent has plans to strengthen ties with Tehran in the transportation industry.

The two sides agreed on initiating talks about the extension of a preferential trade agreement, and decided to hold the next meeting of Iran-Uzbekistan Joint Commission of Economic Cooperation in Tehran in the second half of 2020.

In a telephone conversation in May, Iranian President Hassan Rouhani and his Uzbek counterpart, Shavkat Mirziyoyev, discussed ways to enhance bilateral ties and cooperation amid the global fight against the COVID-19 pandemic.

They also talked about boosting bilateral relations in political, economic, trade, transportation and communications fields.

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