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Trade turnover of Uzbekistan and Iran exceeds US$350m in 2013

11 February 2014

Trade turnover between Uzbekistan and Iran exceeded US$350 million in 2013, Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to the Republic of Uzbekistan Mr. Ali Mardani Fard said on 10 February at the press conference in Tashkent.

Iranian envoy said that the statistic data of Uzbekistan and Iran on trade turnover differ, but summarizing them, it can be said that trade turnover between two states exceeded US$350 million.

Ali Mardani Fard added that the level of economic cooperation between Uzbekistan and Iran does not correspond to potential of two nations. He said that Uzbekistan and Iran were planning to increase trade turnover up to US$1 billion, but sanctions against Iran hampered this plans.

Recalling progress in negotiations between Iran and western nations, he said that trade turnover between two nations will grow once sanctions are lifted.

Ambassador Ali Mardani Fard expressed his assurance that trade turnover will be higher this year and in future it will gradually grow up to planned level of US$1 billion.

Envoy underlined that economies of Iran and Uzbekistan always fulfilled each other. He said that two states signed agreements in transporting, trade and economy to develop mutual relations, he said.

Ambassador recalled that Uzbekistan and Iran signed agreements on air transportation, international automobile transportation, transit, railway transportation, etc.

The countries also signed agreement on cooperation of customs bodies, avoiding double taxation, mutual encouragement and protection of investments and others. He said that overall about 50 inter-governmental and inter-department agreements on cooperation in various areas were signed between Uzbekistan and Iran in 22 years.