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India and Uzbekistan have set a target of roughly doubling bilateral trade to about USD 3 billion within three years.
The target was discussed at the India-Uzbekistan Business Forum held in New Delhi on 3 August 2026.
Both sides also discussed exploring a Free Trade Agreement and removing non-tariff barriers.
Bilateral trade grew 30% in the previous year and stood at USD 1.32 billion in 2025, with Indian exports at USD 1.15 billion.
Around 400 Indian companies operate in Uzbekistan; the two countries established diplomatic relations in 1992.
The Iranian port developed with Indian participation, providing access to Central Asia while bypassing Pakistan.
A multi-modal route linking India to Russia and Central Asia through Iran, central to making trade with landlocked states viable.
A regional grouping of which both India and Uzbekistan are members, providing a standing multilateral platform.
The leaders' level format through which India engages all five Central Asian republics collectively.
Uzbekistan and Liechtenstein are the only two countries in the world surrounded entirely by landlocked countries.
GS Paper II > India and its neighbourhood, bilateral agreements and groupings involving India
General Awareness > International relations and geography
General Awareness > International trade and agreements
'Broad-based Trade and Investment Agreement (BTIA)' is sometimes seen in the news in the context of negotiations held between India and
Answer: European Union
A country surrounded entirely by landlocked countries; Uzbekistan and Liechtenstein are the only two.
A restriction on trade other than a tariff, such as licensing rules, quotas or standards requirements.
A standing bilateral mechanism for reviewing trade and economic cooperation; its 14th session was held on 19 June 2026.
A pact reducing or removing tariffs and addressing market access and regulatory barriers between partners.
A grouping of former Soviet republics of which Uzbekistan is a member.