Task Force for Monitoring Iran-Uzbekistan Trade Agreements to Be Established
TEHRAN (Iran News) Hassanzadeh highlighted the potential for expanding trade relations between the two countries and presented a report on the discussions held with Uzbek officials. The report, which was shared with the Governor of the Central Bank, the Minister of Industry, Mining, and Trade, and the Minister of Economy, outlined steps to enhance collaboration between the private sectors of both nations.
According to Hassanzadeh, the government has expressed its support for the initiatives, allowing the private sector to strategize joint trade and investment activities in Uzbekistan.
Hamed Asgari, the Deputy of International Affairs for the Iran Chamber, stressed the importance of holding preparatory and follow-up meetings for trade delegations visiting target countries. He emphasized that the results of these trips should be reflected in Iran’s trade balance and suggested that delegation members share their achievements and insights with others interested in similar ventures.
Before the departure of any delegation, Asgari recommended holding introductory meetings among its members to ensure familiarity with each other’s work and to conduct assessments of the target country’s potential, which would lead to a more focused and productive trip.
During the session, the trade delegation discussed the opportunities for Iranian companies to participate in technical and engineering service projects in Uzbekistan. It was agreed that information on investment-ready projects in Tashkent would be exchanged between companies and the Iran Chamber. There was also a focus on organizing exhibitions centered on joint project development, particularly the creation of a new city in Tashkent, which presents significant investment opportunities for Iranian businesses.
The delegation also addressed challenges in Iran’s economy that are limiting the country’s international relations. One suggestion was to form joint venture companies and focus on the transportation sector, which is seen as a major barrier to accessing the Uzbek market.
Bukhara was identified as a potential hub for Iranian trade and investment activities in Uzbekistan. Additionally, Uzbek officials suggested that Iranian companies could begin operations in the country by transferring just 20% of their production processes.
At the conclusion of the meeting, it was agreed to establish the task force to ensure that the negotiations and agreements made during the visit to Uzbekistan are effectively followed up.
The trade delegation, led by Sammad Hassanzadeh, visited Tashkent and the Khwarazm Province from September 18 to 22, aiming to foster greater trade cooperation between Iran and Uzbekistan at the invitation of the Uzbek embassy.
