Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood Wednesday said that after the finalization of Pakistan and Uzbekistan,Preferential Trade Agreement (PTA), there was a huge potential for trade growth in various sectors including textile.
He said this while addressing the ‘Pakistan-Uzbekistan Business Forum’ along with the Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov organized by the Ministry of Commerce here.
The adviser hoped that the promotion of trade between the two countries would increase regional trade besides providing trade connectivity to the Russian Federation and European markets.
Dawood said that the PTA would increase bilateral trade between Pakistan and Uzbekistan.
The signing of the agreement would take place during the Uzbek President’s visit to Pakistan on March 3 to 4, to facilitate bilateral trade and transit trade to boost trade ties between the two countries and also enhance the connectivity with Afghanistan, the adviser said.
Razak Dawood said President of Uzbekistan, Shavkat Mirziyoyev would pay visit to Pakistan to discuss ways to improve the bilateral economic and trade relations and also would sign various bilateral trade agreements. He said that a strong economic bloc could be established among Pakistan and Afghanistan and the five Central Asian countries, which would enable trade in goods to reach Russia and European countries.—APP
