India-Uzbekistan Sign Bilateral Investment Treaty

A new Bilateral Investment Treaty (BIT) between India and Uzbekistan was signed in Samarkand during the visit of Indian Finance Minister in Uzbekistan.

The Finance Minister emphasised the vast trade opportunities between India and Uzbekistan and pushed for increased trade.She urged the chambers of commerce of both countries to create a roadmap to achieve the USD 3 billion trade target set by the leadership of the two countries.

She added that the newly signed BIT between both countries is based on modern international investment standards, provides strong protections to investors on both sides, fostering an atmosphere of trust and confidence.