India and Uzbekistan signed a Bilateral Investment Treaty (BIT)
♦ India and Uzbekistan signed a Bilateral Investment Treaty (BIT) to assure appropriate protection to investors of the two countries. ♦ The Bilateral Investment Treaty was signed by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman and H.E. Mr. Khodjayev Jamshid Abdukhakimovich, Deputy Prime Minister of Uzbekistan at Tashkent. ♦ Investments in various fields, including pharma and healthcare, textiles and auto components, agriculture and food processing, and mining and jewellery sector are in various stages of discussion. ♦ India is among the top 10 trade partners of Uzbekistan with bilateral trade $756.60 million (as per Uzbek statistics-2023) is well below potential.