Uzbekistan looks to Pakistani ports

ISLAMABAD: Uzbekistan on Thursday officially looked for Pakistan’s help for increase to the Quadrilateral Traffic in Transit Agreement (QTTA) in an offer to use Karachi and Gwadar ports for its exchange tasks.

The proper solicitation was made by Uzbek Deputy Prime Minister Sardor Umurzakov during a video meeting with Adviser to the Prime Minister on Commerce Razak Dawood. Uzbekistan’s Ambassador to Pakistan Furqat Sidikov likewise joined the gathering held at the Ministry of Commerce in Islamabad.

The QTTA is a travel economic agreement among Pakistan, China, Kyrgyzstan and Kazakhstan to encourage the section of products and traffic. A street venture under the China-Pakistan Economic Corridor will give access to China and the Central Asian States to Pakistani ports.

Reacting to the solicitation, Dawood guaranteed Pakistan’s help for Uzbekistan in QTTA.

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Pakistan assumes a focal job in the QTTA which is accepted to be an elective course bypassing Afghanistan and depending on the Karakoram Highway by means of China to arrive at Central Asian States.

Uzbekistan likewise looked for the foundation of Joint Working Group for exchange and venture collaboration.

An official explanation following the gathering said that Uzbekistan mentioned Pakistan to help its motivation in increase to QTTA, and offer its experience on accomplishing the Generalized System of Preferences Plus status.

Dawood notified the Uzbek side that a reminder of comprehension for Pakistan-Uzbekistan Joint Working Group on Trade and Investment will be prepared for marking in the wake of looking for endorsement from the bureau of Pakistan.

During the gathering, it was settled that hard and fast endeavors would be made to improve two-sided exchange relations, building up joint endeavors in different zones including horticulture, material, pharmaceuticals, the travel industry and development.

Pakistan’s fares to Uzbekistan remained at $13.190 million FY19 as against $9.254m over the earlier year. Correspondingly, Pakistan’s imports from Uzbekistan are truly unimportant as it remained at $5.449m in FY19 as against $3.640m over the earlier year.

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  1. May 8, 2020

    […] You may also read Uzbekistan looks to Pakistani ports […]

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