US and Uzbekistan Agree to Deepen Trade and Investment Ties
The United States and Uzbekistan have committed to reciprocal tariff reductions on industrial and agricultural goods and agreed to accelerate talks toward a bilateral trade and investment agreement.
The United States and Uzbekistan have announced a comprehensive agreement to deepen trade and investment ties. Uzbekistan has committed to eliminating or reducing tariffs on a wide range of U.S. industrial goods and agricultural products. In turn, the United States will give favorable consideration in tariff actions for Uzbek industrial and agricultural exports.
Both countries agreed to strengthen bilateral investment cooperation and explore new pathways to promote cross-border investment. Negotiations toward a reciprocal trade and investment agreement will be accelerated. The United States also reaffirmed strong support for Uzbekistan's accession to the World Trade Organization (WTO), citing substantial progress in the accession process.
The agreement marks a further step in expanding U.S. economic engagement in Central Asia. Enhanced market access and investment flows could boost trade in manufacturing, agriculture, and industrial sectors.
Source: First Squawk