Amman:Jordan and Uzbekistan are set to sign a Preferential Trade Agreement (PTA) aimed at enhancing bilateral trade and joint investments. This announcement was made by Uzbek Minister of Investment, Industry, and Trade Laziz Kudratov during a meeting at the Amman Chamber of Industry.
According to Jordan News Agency, the agreement will encompass 300 goods, with 150 items from each country, benefiting from preferential treatment and reduced customs duties. This initiative is expected to increase trade volume and foster industrial and investment partnerships between the two nations.
Kudratov emphasized the political commitment of both countries' leaderships to establish sustainable economic and trade relations. The governments are focused on creating a business-friendly environment to translate available opportunities into joint ventures and productive partnerships.
In the coming period, there will be bilateral meetings, a business forum, and a joint trade exhibition with over 100 Uzbek company representatives. These events aim to explore cooperation and identify priority sectors for development.
The agreement is anticipated to enhance the presence of Jordanian products in Uzbekistan and facilitate entry of Uzbek exports into the Jordanian market, thus expanding economic cooperation between the two countries.