The 7th meeting of the Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation between the Republic of Uzbekistan and the Islamic Republic of Pakistan (IPC) was held in Islamabad. The meeting was co-chaired by: from the Uzbek side – Deputy Prime Minister – Minister of Investment and Foreign Trade S. Umurzakov, and from the Pakistani side – Advisor to the Prime Minister on Trade and Investment Abdul Razzak Dawood.
The agenda of the meeting included a wide range of issues of trade and economic, investment, transport and logistics cooperation, interaction in the areas of food security, education, innovation, science, information technology, tourism and interregional relations.
The event has become a platform for a comprehensive discussion of existing issues in various areas of interaction, also made it possible to identify promising areas for expanding mutually beneficial partnerships and determine further steps to establish practical cooperation in each of them.
The parties noted with satisfaction the successful completion of the agreement on the Preferential Trade Agreement between the two countries and agreed after its signing to develop a joint “Roadmap” for its practical implementation. Also in this context, an agreement was reached on active work to use the existing potential of mutual trade in order to bring the volume of Uzbek-Pakistani trade to $1 billion in the near future.
Measures to deepen industrial cooperation between entrepreneurs of the two countries were considered. Mutual readiness was expressed to jointly develop a program of industrial cooperation between Uzbekistan and Pakistan for 2022, which will include specific projects in such areas as agriculture, agricultural engineering, light, pharmaceutical and electrical industries, the production of building materials, as well as information about the initiators these projects and the timing of implementation. For these purposes, it was proposed to create a joint project office between the Ministry of Investment and Foreign Trade of Uzbekistan and the Ministry of Trade of Pakistan.
No less priority was given to the development of cooperation in the field of transport and transit. Further steps have been worked out to accelerate the implementation of the project for the construction of the trans-Afghan railway “Termez – Mazar-i-Sharif – Kabul – Peshawar”, the establishment of direct flights and the implementation of joint infrastructure projects. In order to introduce a systematic approach to solving the tasks set, it was decided to create a separate subcommittee on transport and logistics within the framework of the IGC.
Special attention was paid to cooperation in the field of food security: the parties worked out solutions to accelerate the implementation of existing agreements in this area, and also agreed to develop a separate cooperation program in the near future.
Also on the sidelines of the event, the issues of establishing relations between higher educational institutions, technoparks, research centers, research laboratories and business incubators of the two countries, promoting bilateral tourism, developing interregional cooperation, bearing in mind, among other things, the exchange of experience in the field of regional development, digital economy, architecture, urbanization and infrastructure.
As a result of the meeting, an appropriate protocol was signed, which reflected all the agreements reached during the event.
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