TEHRAN — Iran and Uzbekistan issued a joint statement citing 10 agreements to strengthen their bilateral economic cooperation, as Uzbek President Shavkat Mirziyoyov sat down with his Iranian counterpart, Ebrahim Raisi, on Sunday.
According to the government-run IRNA news agency, the agreements cover a wide range of areas such as energy, transit, technology, agriculture, the pharmaceutical industry and insurance.
The two sides also signed a document on preferential trade, with Raisi calling on ministers from both sides to list commodities to be covered in such an arrangement within two weeks. He said Tehran and Tashkent were now looking to push the boundary on their trade volume, aiming for an annual $3 billion.
In 2021, the value of the two countries' trade stood at $431 million, according to Iranian official data.
