India And Uzbekistan Agreement
“Both sides conducted a comprehensive review of the ongoing and planned activities of bilateral economic and trade cooperation, including the progress of negotiations for a bilateral investment agreement, preferential trade agreement and reciprocal access to the agricultural markets of both countries,” the MEA said in a statement. Trade relations between India and Uzbekistan are governed by the Trade and Economic Cooperation Agreement signed in May 1993, which contains characteristics of trade agreements such as the mutual treatment of the MFN, etc. India and Uzbekistan also signed an agreement to avoid double taxation in 1993 and, in May 1999, another agreement on the promotion and protection of bilateral investment (BIPPA). India has proposed ending BIPPA and signing a new bilateral investment contract (ILO) under review. A high-level multi-sector delegation led by Uzbek Foreign Minister Abdulaziz Kamilov visited India from 21 to 23 August 2017. The delegation included H.E. Elyor Ganiev, Minister of Foreign Trade and senior official of several ministries and federations of public industry. Mr. Kamilov, Minister of Foreign Affairs, invited Mr. Hon`ble, Vice-President of India.
He also met with Sushma Swaraj, Secretary of State for National Security, Shri A.K. Doval, Minister of State for Trade and Industry (Independence Charge), Nirmala Sitharaman, Secretary of State for Foreign Affairs, Shri M.J. Akbar, and other commitments. During the delegation`s visit, an Uzbek-Indian economic forum was held on 22 August 2017. 22 contracts worth more than $80 million and 20 investment agreements worth more than US$70 million were signed at the Forum. The delegation visited the National Museum in Delhi and saw the special gallery dedicated to Central Asia. An agreement was reached on the transmission of copies of the “Diwan-i-Babur” manuscript to Uzbekistan. India has signed three important agreements with Uzbekistan to improve military cooperation. The Memorandums of Understanding were signed after a meeting of a high-level delegation between the two nations. President Mirziyoyev visited India in 2018, where the two sides have concluded 17 agreements that provide for peaceful cooperation in a number of areas such as agriculture, tourism, health, medical science, pharmacy and space exploration. India has signed three important agreements with Uzbekistan to improve military cooperation.
During the signing of the agreement, the defence ministers of India and Uzbekistan participated in the first video link exchange between the Secunderabad College of Defence Management and the Army of forces Academy of Uzbekistan in Tashkent. President Shavkat Mirziyoyev participated as guest of honour at the Vibrant Gujarat Global Summit in January 2019. An agreement has been signed between the Department of Atomic Energy and the Navoi Mining and Metallurgical Combine of Uzbekistan for the long-term supply of concentrated uranium ore for India`s energy and energy needs. The vice-chairman of the state investment committee signed the $200 million framework agreement with Eximbank for the construction of affordable housing and other social infrastructure projects.