Uzbekistan and Georgia-based Petrocas Energy Group discussed building modern gas stations and roadside service complexes meeting international standards along Uzbek highways, while exploring partnerships with American firms and advanced technologies to develop fuel infrastructure networks.
Uzbekistan invited Indian firms to invest in its mining, minerals, and critical rare earth sectors, with bilateral trade targeted at $2 billion next year, up from $1.3 billion, ahead of PM Modi's anticipated visit to Tashkent.
India and Uzbekistan discussed a potential free trade agreement while exploring expanded bilateral trade from $1.5 billion, with Uzbekistan inviting Indian investment in mining, rare earths, and other sectors, aiming to double trade within three years.
Uzbekistan and Syria established a Joint Committee on Economy and Trade in September to strengthen bilateral economic cooperation through institutional frameworks, a business council, and a development roadmap for 2026-2028.
India proposed a free trade agreement with Uzbekistan to boost bilateral trade toward three billion dollars and secure rare-earth minerals, addressing China's dominance in India's critical mineral supply chains.
Iran's and Uzbekistan's trade ministers met at the Shanghai Cooperation Organization summit, emphasizing increased bilateral trade through streamlined customs processes and operationalized agreements, with focus on mining, mineral industries, and knowledge-based technology cooperation.
Uzbekistan and Serbia are negotiating a zero-tariff free trade agreement covering all goods reciprocally, alongside industrial cooperation programs in light industry, agriculture, and pharmaceuticals, plus direct air links and railway projects to strengthen economic ties.
Uzbekistan's Investment Minister pitched the nation's vast gold and copper reserves to Indian investors, targeting $2 billion in bilateral trade by 2027, reflecting a broader geopolitical shift toward South-South investment corridors bypassing traditional Western financial systems.
UAE and Uzbekistan discussed strengthening economic partnerships across fintech, tourism, and investment sectors, with Uzbek visitors to UAE rising 25% year-over-year and over 2,300 Uzbek companies already operating there.