Transit Trade Agreement with Uzbekistan

The Federal Cabinet has approved the agreement between Uzbekistan and Pakistan on Transit Trade (AUPTT). The Agreement between Uzbekistan and Pakistan on Transit Trade (AUPTT) will give access of Pakistani seaports to Uzbekistan. This agreement will also pave ways towards the all five Central Asian States for Pakistani exports. This will also help to enhance trade and regional connectivity and will open the doors for increasing Pakistan’s exports to Uzbekistan. That will increase the potential of U$90 billion in the markets in Central Asia. ¬†As the Afghanistan Pakistan Transit Trade Agreement (APTTA) 2010 gave access to Pakistan’s trade with Central Asia for taking goods up to border crossing points of Afghanistan with Uzbekistan, Tajikistan and Turkmenistan, whereas, Pakistan had no arrangement to take exports beyond those points. To make Pakistan a trade, transit and trans-shipment hub, and enhance regional connectivity with Central Asia, Uzbekistan is offered to use seaports of Pakistan. This productive agreement will provide them the shortest route for trade. The final draft of the Agreement between Uzbekistan and Pakistan on Transit Trade (AUPTT) has been examined by the Ministry of Law and Justice and finalized after incorporating amendments proposed by the Ministry of Law and Justice.