AMMAN, Oct. 26 (Petra) – Jordan and Uzbekistan intend to sign a Preferential Trade Agreement (PTA) to serve as a practical framework for boosting bilateral trade and joint investments, Uzbek Minister of Investment, Industry, and Trade Laziz Kudratov announced on Monday.

Speaking at a meeting with industrial sector representatives at the Amman Chamber of Industry, Kudratov explained that the agreement will cover 300 goods–150 items from each country–that will benefit from preferential treatment and reduced customs duties in both markets in accordance with the terms of the accord.

Kudratov emphasized that the agreement will establish a foundation for expanding trade volume, developing industrial and investment partnerships, and opening new avenues for Jordanian and Uzbek companies to leverage commercial opportunities in both countries.

The Minister noted that the PTA reflects the political commitment of both nations' leaderships to build sustainable economic and trade relations. He added that both governments are working to foster a business-friendly environment and deepen ties between their respective business communities to translate available opportunities into joint ventures and productive partnerships.

Looking ahead, Kudratov highlighted that the upcoming period will feature bilateral meetings, a business forum, and a joint trade exhibition involving more than 100 representatives of Uzbek companies to explore cooperation and identify priority sectors.

He concluded that the forthcoming agreement represents a strategic opportunity to enhance the presence of Jordanian products in the Uzbek market while allowing Uzbek exports to access the Jordanian market, thereby expanding overall economic cooperation between the two nations.

//Petra// AA