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(Last Updated On: May 27, 2021) Uzbekistan and Afghanistan will sign an agreement on preferential trade by the end of the year to substantially increase trade turnover in the coming years, the Uzbek Ministry of Investments and Foreign Trade said Wednesday, Xinhua News reported. This agreement is expected to help Afghanistan and Uzbekistan increase trade turnover between the two countries from the current $800 million to $2 billion annually, ministry officials said. According to Xinhua, this was agreed to during talks between Uzbek Deputy Prime Minister Sardor Umurzakov and head of the Afghan Presidential Administration Mohammad Shakir Kargar in Termez city in Uzbekistan. Xinhua reported that Uzbekistan also said it welcomes Afghan entrepreneurs to do business in the free trade zone known as “Termez International Trade Center” which is located on the border with Afghanistan.

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