Uzbekistan and Iran hold meeting of IGC on trade and economic cooperation

Tashkent, Uzbekistan (UzDaily.com) -- The twelfth meeting of the Intergovernmental Commission for Trade and Economic, Scientific and Technical Cooperation between Uzbekistan and Iran was held in Tehran.

According to the press service of the Ministry of Foreign Trade of Uzbekistan, Uzsanoatexport opened an Uzbek-Iranian trade house in Iran and business forum was held within the visit of the delegation of Uzbekistan to Tehran.

As a result of the forum, a package of export contracts was signed for the supply of textiles, legumes, and dried fruit and vegetable products.

Within the framework of the IGC in Tehran, the Uzbek and Iranian sides discussed a number of issues, including a draft bilateral trade agreement providing preferential customs treatment for limited commodity positions from each side.

The parties agreed on preparation and mutual exchange within one month of lists of goods for inclusion in the draft document, as well as the organization of regular negotiations in Tashkent in mutually agreed terms.

The parties also agreed to establish an Uzbek-Iranian Business Council with the participation of the Chambers of Commerce and Industry of Uzbekistan and Iran, which will help establish close partnership relations between small and medium-sized businesses of both countries, as well as assist in solving financial, legal and other issues related to with their activities.

The sides discussed preparation of the memorandum on promoting development of electronic information exchange between the State Customs Committee of the Republic of Uzbekistan and the Iranian Customs Administration. The main objectives of the initiative are: stimulation of mutual trade, simplification of customs procedures when processing export-import transactions.

“Cooperation in the field of transportation is one of the key areas of Uzbek-Iranian relations. Our task is to optimize the existing transit tariffs with the Iranian partners, taking into account the export structures of the two countries. This will improve competitiveness of goods from both sides, including products with high added value,” Minister of Foreign Trade of Uzbekistan Jamshid Khodjaev said.

The sides also considered issues on speeding up the launch of the transport corridors Uzbekistan-Turkmenistan-Iran-Oman, China-Kazakhstan-Uzbekistan-Turkmenistan-Iran and the Trans-Afghan corridor.

The Iranian side said that it will make every effort to complete the construction of the Khaf-Herat railway, which will be a continuation of the Mazar-e-Sharif-Herat line, and will significantly increase the volume of goods transported between the countries of the region due to lower prices and delivery time.

The Iranian side also expressed readiness to study the proposals of the Uzbek side on the construction of a station for the replacement of wheel sets in Herat.

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