EghtesadOnline: Iran and Uzbekistan are currently in talks to revise or remove import/export tariffs in bilateral trade, a deputy minister of industries, mining and trade said in a joint business forum held in Tehran on Tuesday.
Mojtaba Khosrotaj, who also doubles as the head of Trade Promotion Organization of Iran, added that Iran and Uzbekistan have high potentials to expand cooperation in the fields of technical and engineering services, transportation and transit, IRNA reported. On Monday and during the 12th session of Iran-Uzbekistan Economic Commission, Uzbekistan’s First Deputy Prime Minister Achilbay Rahmatov said trade between the two countries stood at $325 million in 2017. “We are ready to increase the figure to $500 million in the near future,” he said. The official added that Uzbekistan is willing to export textile, thread and silk, processed fruit and vegetables, petrochemicals like polyethylene and propylene, electronic home appliances and passenger and freight vehicles to Iran. Rahmatov noted that Uzbekistan is ready to import 1 million tons of oil products from Iran, adding that the figure can be increased to 3 million tons in the near future. Iran’s main exports to Uzbekistan are petrochemicals, pistachio, tea, floorings and stones, Financial Tribune reported.