Tashkent, Uzbekistan (UzDaily.com) -- On 7 May, the Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov held talks with the Advisor to the Prime Minister for Trade, Textile Industry and Investment of the Islamic Republic of Pakistan Abdul Razak Dawood in a video conference format.

During the meeting, the current state and prospects of bilateral cooperation in the trade, economic, investment, transport and logistics sectors, as well as measures taken by the governments of the two countries aimed at mitigating the economic consequences of the global crisis associated with the pandemic, were discussed.

The prospects of investment cooperation in such areas as agriculture, food and textile industries, pharmaceuticals, the production of building materials and the development of tourism infrastructure were examined. Prerequisites were noted for the joint elaboration of specific investment projects aimed at strengthening industrial cooperation in priority areas.

The role of the Uzbek-Pakistan Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, as well as the Uzbek-Pakistan Business Council as effective platforms for jointly resolving issues of bilateral cooperation was emphasized, as well as organizational issues related to the conduct of these events in the second half 2020 were discussed.

The parties praised the prospects for increasing mutual trade, including through the organization of mutual deliveries of high-quality and sought-after products that are in demand on the markets of the two countries.

The need for taking operational measures to intensify and expand cooperation in the transport and logistics sphere due to the full use of existing and launching new freight routes between Uzbekistan and Pakistan was noted.

As a result of the negotiations, an agreement was reached to create a joint Working Group at the level of deputy heads of foreign economic departments of the two countries to coordinate development of cooperation in the areas of trade, investment and transport in the framework of the indicated areas.