Indian Economy News

India, Uzbekistan agree to exploit full potential of Chabahar port for trade

India and Uzbekistan agreed to fully utilise the Chabahar port for bilateral trade as they held long talks aimed at strengthening bilateral economic ties. During the 15th session of India-Uzbekistan Foreign Office Consultations in Delhi, the two sides also agreed to take steps to improve connectivity in order to boost commerce.

The Ministry of External Affairs (MEA) said that both the parties conducted a detailed examination of bilateral cooperation in areas such as politics, security, trade-economics, connectivity, development partnership, humanitarian assistance, and culture.

In a crucial step, India, Iran, and Uzbekistan conducted comprehensive negotiations in December on joint use of the Chabahar Port, emphasising its importance in improving regional connectivity. They agreed to strengthen collaboration in the United Nations, the Shanghai Cooperation Organisation (SCO), and other multilateral fora.

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