Pakistan & Uzbekistan to sign trade agreement to tap $90 billion in export market

In the fiscal year 2021-22, Pakistan will sign trade agreements with Uzbekistan to explore more than $90 billion of export prospects in Central Asia. Prime Minister Khan will visit Uzbekistan between July 13 and 15 to sign transit and preferential trade agreements. Furthermore, Pakistan & Uzbekistan plan to establish several warehouses in Gwadar and Tashkent. 

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The purpose of this assistance is to facilitate the movement of goods between countries. Pakistan plans to transport goods using TIR, the Convention on International Transport of Goods Under Cover of TIR Carnets. Moreover, the government intends to issue loans to transporters in an effort to repair the country’s aging logistics system.

Source: Business Recorder