India and Uzbekistan target three billion dollar trade goal within three years

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India and Uzbekistan have set a target of more than doubling bilateral trade to around $3 billion within three years, up from about $1.3-1.5 billion currently.
Commerce minister Piyush Goyal said the two countries could also explore a free trade agreement, though no formal negotiations have been announced.
Uzbekistan is inviting Indian investment in mining, chemicals, energy, pharmaceuticals, automobiles and digital infrastructure, and the two sides have concluded a bilateral investment treaty.
Both governments are also working on a trade facilitation agreement and steps to reduce trade barriers.

Whether formal FTA negotiations are announced between the two countries
Progress on the trade facilitation agreement and related memoranda
Growth of bilateral trade towards the $2 billion milestone Uzbekistan's minister set for next year

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Named India · Uzbekistan · Laziz Kudratov · Ministry of Commerce and Industry · Piyush Goyal

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