Uzbekistan and India aim to increase trade turnover to $5 billion by 2030
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Uzbekistan and India aim to increase trade turnover to $5 billion by 2030

Negotiations took place in the 'Kuksaroy' residence between the President of Uzbekistan, Shavkat Mirziyoyev, and the Prime Minister of India, Narendra Modi. The parties noted the significance of this meeting, which elevated bilateral relations to the level of a comprehensive strategic partnership.

To ensure more coordinated work, it was decided to create a special mechanism at the level of foreign ministry leaders, as well as to strengthen interaction through friendship parliamentary groups, an Intergovernmental Commission, and a Business Council.

The leaders discussed in detail opportunities to expand economic and trade cooperation. Last year, trade turnover between the two countries exceeded the $1 billion mark for the first time, and the number of joint ventures increased sevenfold. As a result of the negotiations, it was decided to work towards reaching $5 billion in mutual trade volume by 2030.

Promising areas for industrial cooperation were identified, including energy, metallurgy, electrical engineering, critical minerals, as well as healthcare, pharmaceuticals, agriculture, and jewelry manufacturing. Furthermore, regional partnerships are actively developing between Andijan region and Gujarat state, Fergana region and Haryana state, and between Samarkand region and Agra.

Currently, 14 direct flights operate weekly between the countries, and there are four Indian universities located in Uzbekistan. A five-year Cultural Exchange Program is planned to be signed to strengthen cultural and humanitarian ties, along with regular film festivals and Culture Days.

The parties also reviewed the international agenda and reaffirmed their readiness to continue providing mutual support in structures such as the UN, SCO, and BRICS. Following the negotiations, it was instructed to prepare 'roadmaps' with clear timelines and responsible persons for all key areas of cooperation.

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A meeting took place in Tehran on August 17 between representatives of Uzbekistan and Iran. The First Deputy Minister of Foreign Affairs of Uzbekistan, Bahromjon Aloev, met with the Iranian Deputy Minister of Foreign Affairs for Trade and Economic Issues, Kazem Garibabadi.

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