GlobeVerge
BUSINESS
India, Uzbekistan target $5 billion trade by 2030, move to cut barriers
Bilateral trade stood at $1.3 billion in 2025 as the two sides seek to expand market access, investment and cooperation in critical minerals
GlobeSignal-AImedium certainty
- Why it matters
- The countries are working to remove trade barriers and expand access to each other's markets, which could lower costs for businesses importing goods between them and increase investment flows.
- Most affected
- Exporters and importers between India and Uzbekistan — May face fewer tariffs and regulatory barriers as market access expands.
- Likely next
- Whether the two countries announce specific tariff reductions or trade agreements that reduce barriers.