Last Updated on June 20, 2026 12:41 am by BIZNAMA NEWS
Staff Reporter
Commerce Secretary Rajesh Agrawal today virtually co-chaired the 14th Session of the India-Uzbekistan Inter-governmental Commission in Tashkent with Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan, Shokhrukh Gulamov.
The meeting was held on Trade, Economic, Scientific and Technological Cooperation. Commerce and Industry Ministry said in a statement that the Commission reviewed the full range of bilateral economic engagement and reaffirmed the strategic character of India-Uzbekistan relations, rooted in historical and civilisational ties. India and Uzbekistan agreed to deepen trade, address non-tariff barriers and work towards doubling bilateral trade in next three years.
Both sides welcomed the sustained growth in bilateral trade. Uzbekistan reported that trade turnover with India reached 1.3 billion dollars in 2025, which is growth of more than 33 per cent over the previous year. Uzbekistan’s exports to India stood at more than 164 million dollars with a growth of over 25 per cent, while its imports from India reached 1.15 billion dollars, growing by 34.6 per cent. The Ministry noted that Indian exports to Uzbekistan have grown at a Compound Annual Growth Rate of more than 12 percent over the last decade, while India’s services exports to Uzbekistan stood at more than 372 million US dollars in 2024.
The Commission discussed several product categories where Indian supplies to Uzbekistan can be expanded. These include pharmaceuticals, medical devices, agricultural products, and so on. The two sides also discussed Information and Communication Technology (ICT) and digital cooperation, where India highlighted its capabilities in IT, digital public infrastructure, telecom, fintech, and other digital services. During the meeting, the Indian side suggested cooperating on customs data exchange and exploring interlinking of payment infrastructure for secure and efficient payments, with a view to supporting tourism, trade and commerce. They also discussed energy as an area of strategic cooperation.
Both sides recognised that robust transport and logistics connectivity are essential for unlocking the full economic potential of the relationship. The Uzbek side proposed sharing experience in digital logistics platforms and customs facilitation mechanisms.