Pakistan and Uzbekistan are about to conclude a trade agreement

On Thursday (July 15), Pakistan and Uzbekistan will sign a Transit Trade Agreement (TTA) in Tashkent, allowing them to use each other’s facilities for transshipment of their goods.

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The signing event will be seen by Prime Minister Imran Khan, who is also the In-Charge Minister for Commerce. The TTA will allow products, cars, and drivers to travel by rail and road in Uzbekistan and its border points with neighboring Central Asian Republics (CARs). Except for India, Pakistan will provide similar services.

The first consignment on the TIR left for Uzbekistan via Torkham border customs station on April 30, 2021.

According to the sources, Uzbekistan already has a Transit Trade Deal with Afghanistan, while Pakistan has its own agreement with Afghanistan, implying that after the agreement is signed, products will flow freely.

Both nations are nearing completion on a Preferential Trade Agreement (PTA), but Tashkent is not yet ready to sign it, claiming reasons for the delay.

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They committed to increase bilateral trade volume by implementing collaborative initiatives such as diversifying trade, expanding business-to-business interactions, exchanging trade delegations, and simplifying visa requirements.

Pakistan and Uzbekistan are roughly 1,295 kilometers apart geographically. The distance between Karachi and Tashkent, on the other hand, is approximately 2,950 kilometers, while the distance between Lahore and Tashkent is approximately 1,917 kilometers.

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