CashNews.co
A major focus of the Finance Minister’s visit will be the signing of a Bilateral Investment Treaty (BIT) between India and Uzbekistan, aimed at bolstering long-term economic cooperation between the two nations. The treaty will be signed by Finance Minister Sitharaman and the Uzbekistan Minister for Investment, Industry, and Trade, laying the groundwork for greater investment opportunities in both countries.
The BIT will create favorable conditions for investors from both nations, encouraging reciprocal protection of investments and fostering confidence among businesses. It aims to ensure fair treatment of investors and protect them from risks such as expropriation, while also facilitating smooth capital transfers. By providing a stable investment environment, the treaty is expected to stimulate greater foreign direct investment (FDI) between India and Uzbekistan.
The signing of the BIT represents a significant milestone in India-Uzbekistan economic relations, further strengthening the growing partnership between the two nations. It will provide a boost to sectors such as manufacturing, infrastructure, and services, contributing to mutual economic growth.
In addition to attending the AIIB Annual Meeting and signing the BIT, Sitharaman will hold a series of high-level bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and the AIIB President. These meetings will serve as an opportunity to discuss key issues related to economic cooperation, trade, and investment, while also exploring new avenues for collaboration in sectors such as energy, infrastructure, and finance.
A particularly significant meeting is expected when she calls on the President of Uzbekistan, Shavkat Mirziyoyev, where discussions will focus on deepening the strategic partnership between India and Uzbekistan. The bilateral ties between the two countries have strengthened over recent years, with Uzbekistan emerging as an important partner for India in Central Asia.
Discussions at India-Uzbekistan Business Forum