The Ministry of Industry and Commerce announced on Wednesday that a Preferential Trade Agreement in between Afghanistan and Uzbekistan was signed on the sidelines of the Fourth Tashkent International Investment Forum.According to a declaration released by the Afghan commerce ministry, the agreement was signed by a delegation of the Islamic Emirate of Afghanistan, led by acting minister of industry and commerce Nooruddin Azizi and Laziz Kudratov, Uzbekistan’& rsquo; s Minister of Investment, Industry and Trade.The ministry specified that this historical document aims to reduce tariffs, get rid of trade barriers, help with market gain access to for products in between the 2 countries, and enhance the level of bilateral trade.The statement included that the signing of the Preferential Trade Agreement between Afghanistan and Uzbekistan marks a considerable turning point in the financial relations in between the 2 countries.According to the declaration, the contract not only allows the reduction of tariff barriers and the assistance of bilateral trade, but also opens brand-new opportunities for export advancement, task production, industrial fortifying, and sustainable financial growth.During this conference, a Joint Afghanistan–-- Uzbekistan Action Plan was likewise signed, aimed at broadening bilateral cooperation in numerous sectors consisting of trade, industry, agriculture, logistics, and capacity building.The finalizing of these documents is thought about a significant action toward deepening financial relations, supporting the private sector, motivating financial investment, and promoting sustainable local trade.During the meeting, both sides gone over and exchanged views on the application of previous dedications and additional expansion of economic cooperation, facilitation of trade, joint financial investments, export advancement, and the transit of items between the 2 countries.The declaration emphasized that both celebrations reaffirmed their strong dedication to strengthening financial ties and creating useful structures for long-term cooperation.The post Afghanistan and Uzbekistan sign Preferential Trade Agreement initially appeared on TINS News|Afghanistan News.