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WORLD
India, Uzbekistan agree to work towards preferential trade deal, target $5 billion trade by 2030
The economic push comes as India and Uzbekistan upgraded their bilateral relationship to a Comprehensive Strategic Partnership, marking a new phase in their longstanding ties.
GlobeSignal-AImedium certainty
- Why it matters
- A preferential trade deal would lower tariffs between the two countries, making Indian goods cheaper for Uzbek buyers and vice versa, potentially expanding market access for businesses in both nations.
- Most affected
- Indian exporters to Uzbekistan — Preferential tariffs could reduce export costs and increase competitiveness in Uzbek markets.
Uzbek exporters to India — Preferential tariffs could reduce export costs and increase competitiveness in Indian markets. - Likely next
- Whether India and Uzbekistan complete negotiations on the preferential trade agreement terms.
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