Industry min.:

$1 billion annual trade between Tehran, Tashkent achievable

Iran and Uzbekistan can boost the annual bilateral trade to $1 billion, the Iranian industry minister said.

News ID: ۸۲۲۲۱۷

30 January 2024

The two countries have high capacities and potentials to enhance the mutual trade, so attaining $1 billion worth of trade between the two countries is possible, Iran’s minister of industry, mine and trade stated.

Abbas Aliabadi, who has traveled to Uzbekistan at the head of a high-ranking trade-economic delegation, in a meeting with the newly-appointed ambassador of Uzbekistan to Iran Fariddin Nasriyev pointed to the volume of the trade transactions between the two countries and said, “In the meeting with the president of Uzbekistan, Leader of the Islamic Revolution called for the expansion of bilateral relations in the fields of trade, transportation, science, technology and tourism.”

He put the current value of the trade exchanges between Iran and Uzbekistan at about $500 million.

Tehran and Tashkent have a high potential to boost bilateral trade to $1 billion, Aliabadi emphasized, IBENA reported.

In his visit to this Central Asian country, Iran’s minister of industry will hold an expert-level meeting with the Iranian economic activists and businesspersons based in Uzbekistan.

Developing trade and economic cooperation with Uzbekistan has been cited as the main aim behind the visit. / Mehr