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International
India, Uzbekistan Target Doubling Bilateral Trade in 3 Years
✍️ Cnbctv18
🗓 20 Jun 2026, 01:02 PM
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India and Uzbekistan have committed to removing non-tariff barriers to trade and aim to double their bilateral trade volume within the next three years, expanding cooperation across key sectors.
India and Uzbekistan are set to significantly enhance their economic ties, with both nations agreeing to work towards doubling their bilateral trade within a three-year timeframe. This ambitious target is supported by a commitment to eliminate non-tariff barriers that currently impede smoother business transactions.
The strategic partnership will also see expanded cooperation in crucial areas such as energy and information and communication technology (ICT). Both countries plan to facilitate better information exchange, particularly concerning customs data, and explore improved payment mechanisms to streamline trade processes.
Furthermore, the focus will be on strengthening collaboration in key export sectors, identifying opportunities to boost trade in goods and services that hold significant potential for both economies. This initiative underscores a mutual desire to foster a more robust and integrated economic relationship.
The strategic partnership will also see expanded cooperation in crucial areas such as energy and information and communication technology (ICT). Both countries plan to facilitate better information exchange, particularly concerning customs data, and explore improved payment mechanisms to streamline trade processes.
Furthermore, the focus will be on strengthening collaboration in key export sectors, identifying opportunities to boost trade in goods and services that hold significant potential for both economies. This initiative underscores a mutual desire to foster a more robust and integrated economic relationship.