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India-Uzbekistan Relations Reach New Heights; Target Set for $5 Billion Trade by 2030, Agreement Reached on Uranium Supply
Tashkent: Following high-level talks held on Sunday between Prime Minister Narendra Modi and Uzbekistan’s President Shavkat Mirziyoyev, both nations took a significant decision to elevate their bilateral ties to the status of a 'Comprehensive Strategic Partnership.' During the meeting, a target was set to increase the annual bilateral trade volume to $5 billion by 2030.
Currently, bilateral trade between the two countries exceeds $1 billion in value. In addition to trade and investment, the discussions placed special emphasis on enhancing cooperation in sectors such as defense, security, infrastructure, critical minerals, mining, agriculture, health, information technology, digital public infrastructure, and education.
Prime Minister Modi stated that hurdles related to market access, banking, payment systems, and connectivity would be resolved to boost bilateral trade. It was also decided to organize a joint trade summit involving business communities from both nations.
Regarding cooperation in the civil nuclear energy sector, both countries agreed to establish a dedicated mechanism for the long-term supply of uranium from Uzbekistan to India. This decision is considered crucial for strengthening cooperation in the energy sector.
Noting that terrorism, extremism, and separatism pose serious challenges to the entire Central Asian region, Prime Minister Modi affirmed that the shared policy of zero tolerance towards these threats would continue to guide both nations in the future.
Tashkent: Following high-level talks held on Sunday between Prime Minister Narendra Modi and Uzbekistan’s President Shavkat Mirziyoyev, both nations took a significant decision to elevate their bilateral ties to the status of a 'Comprehensive Strategic Partnership.' During the meeting, a target was set to increase the annual bilateral trade volume to $5 billion by 2030.
Currently, bilateral trade between the two countries exceeds $1 billion in value. In addition to trade and investment, the discussions placed special emphasis on enhancing cooperation in sectors such as defense, security, infrastructure, critical minerals, mining, agriculture, health, information technology, digital public infrastructure, and education.
Prime Minister Modi stated that hurdles related to market access, banking, payment systems, and connectivity would be resolved to boost bilateral trade. It was also decided to organize a joint trade summit involving business communities from both nations.
Regarding cooperation in the civil nuclear energy sector, both countries agreed to establish a dedicated mechanism for the long-term supply of uranium from Uzbekistan to India. This decision is considered crucial for strengthening cooperation in the energy sector.
Noting that terrorism, extremism, and separatism pose serious challenges to the entire Central Asian region, Prime Minister Modi affirmed that the shared policy of zero tolerance towards these threats would continue to guide both nations in the future.
Currently, bilateral trade between the two countries exceeds $1 billion in value. In addition to trade and investment, the discussions placed special emphasis on enhancing cooperation in sectors such as defense, security, infrastructure, critical minerals, mining, agriculture, health, information technology, digital public infrastructure, and education.
Prime Minister Modi stated that hurdles related to market access, banking, payment systems, and connectivity would be resolved to boost bilateral trade. It was also decided to organize a joint trade summit involving business communities from both nations.
Regarding cooperation in the civil nuclear energy sector, both countries agreed to establish a dedicated mechanism for the long-term supply of uranium from Uzbekistan to India. This decision is considered crucial for strengthening cooperation in the energy sector.
Noting that terrorism, extremism, and separatism pose serious challenges to the entire Central Asian region, Prime Minister Modi affirmed that the shared policy of zero tolerance towards these threats would continue to guide both nations in the future.
