Observer Report Islamabad
Pakistan signed a historic Transit Trade Agreement with Uzbekistan which has ensured Pakistan’s access to the $90 billion market in Central Asia.
Experts have termed the agreement a win-win situation for all including Pakistan, Afghanistan and Uzbekistan as Pakistan will get access to the $90 billion worth Central Asian market, Afghanistan will earn a handsome amount from transit fees while Uzbekistan will gain access around the world through the deep-sea Gwadar port.
Officials in Pakistan told Gwadar Pro that the Transit Trade Agreement with Uzbekistan can help bring more Pakistani products to Central Asia.
Currently, Uzbekistan is highly dependent on the Iranian seaport of Bandar Abbas, accessed through Turkmenistan.
The transit trade between Uzbekistan and Pakistan will take place along pre-determined routes and only involve specified ports and border crossings.
