President Shavkat Mirziyoyev has approved the ratification of three international agreements, reinforcing Uzbekistan’s economic ties with Portugal, Slovakia, and India. The presidential decree, issued on March 27, formalized these agreements, paving the way for enhanced trade, investment, and business partnerships.
The agreements include:
- Uzbekistan-Portugal Economic Cooperation Agreement, signed in New York on September 23, 2024.
- Uzbekistan-Slovakia Economic Cooperation Agreement, signed in New York on September 24, 2024.
- Bilateral Investment Treaty between Uzbekistan and India, signed in Tashkent on September 27, 2024.
The Ministry of Investment, Industry, and Trade has been tasked with overseeing the implementation of these agreements. Additionally, the Cabinet of Ministers and other relevant authorities will ensure compliance with established procedures once the treaties come into effect.
Uzbekistan’s Foreign Minister Bakhtiyor Saidov emphasized that these agreements will significantly boost trade and investment cooperation. He highlighted that the Uzbekistan-Slovakia agreement, in particular, will foster stronger business ties, encourage trade, and facilitate joint economic projects.
Meanwhile, the Uzbekistan-India Bilateral Investment Treaty, signed by Deputy Prime Minister Jamshid Khojayev and Indian Finance Minister Nirmala Sitharaman during a business forum, ensures protection for investors from both countries. This agreement aligns with international investment standards, providing legal safeguards for Uzbek investors in India and vice versa.
