Xinhua | 26 May 2021
Uzbekistan, Afghanistan to sign preferential trade agreement this year
TASHKENT, May 26 (Xinhua) — Uzbekistan and Afghanistan will sign an agreement on preferential trade by the end of the year to increase trade turnover by 2.5 times in the coming years, the Uzbek Ministry of Investments and Foreign Trade said Wednesday.
Implementation of this agreement will help Uzbekistan and Afghanistan to increase trade turnover between the two countries from the current 800 million U.S. dollars up to 2 billion dollars annually, according to the ministry.
This was announced during the talks between Uzbek Deputy Prime Minister Sardor Umurzakov and head of the Afghan Presidential Administration Mohammad Shakir Kargar in Termez city, administrative center of the Surkhandarya region.
The Uzbek side also welcomes Afghan entrepreneurs to seek business in the free trade zone "Termez International Trade Center" located on the border with Afghanistan.
Uzbekistan shares a short border line with Afghanistan in the south, and has been participating in the socio-economic revival and regional infrastructure projects, including railways and electricity lines of the country.