Uzbek Chamber of Commerce and Industry hosted the Uzbekistan-India Pharmaceutical & Chemical Business Forum with the participation of the India delagation led by the Minister of State for Chemical & Fertilizers of India Mansukh Mandaviya.
The main goal of the event was to assist to the establishment, expansion of trade ties between the businesses of the two countries and to the increase in the number of joint ventures.
The sides discussed the ways to enhance cooperation between entrepreneurs of the two countries, while it was noted that Uzbekistan attaches great importance to expanding trade-economic and investment cooperation, establishing closer business ties with India, attracting Indian companies to invest in Uzbekistan.
Free trade regime operates between the two countries. In 2017, the two-way trade Uzbekistan and India stood at US$ 323.6 million, including exports - US$32.5 million and imports - US$291.1 million.
Uzbekistan exports to India such goods as fruits and vegetables, transport and tourist services, fertilizers, vegetable juices and extracts, vehicles and their parts, silk, leather & leather products.
Uzbekistan imports from India pharmaceutical products, mechanical and electrical equipment, spare parts for cars, transport and tourism services, optical devices and tools, chemical products, organic chemicals, rubber & rubber products, tobacco raw materials and waste.