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For trade ventures Uzbek government asks access for Karachi Port

Islamabad: The Uzbek government officially applied for Pakistan’s support in gaining access to the Quadrilateral Traffic in Transit Agreement (QTTA) – in a bid to obtain utilization permission for the Karachi and Gwadar ports for its trade ventures.

Uzbek Deputy Prime Minister Sardor Umurzakov made a formal request in this regard during a video conference with Advisor to the Prime Minister on Commerce Razak Dawood. In response, Dawood assured him of Pakistan’s support to the proposed initiative.

The QTTA is transit trade deal between Pakistan, China, Kazakhstan, and Kyrgyzstan to facilitate trade between the countries. A road project under the China-Pakistan Economic Corridor (CPEC) is in the works to link China and Central Asian countries to national ports.

Additionally, Uzbekistan has also proposed the establishment of Joint Working Group (JWG) to promote trade and investment between countries. The meeting iterated resolve to enhance bilateral trade in the agriculture, construction, pharmaceuticals, tourism and textile sectors.

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