Uzbekistan and Afghanistan Establish Business Council to Boost Trade
Uzbekistan and Afghanistan have established a joint Business Council aimed at strengthening trade and economic cooperation, according to Uzbekistan’s Chamber of Commerce and Industry. The council was formally launched on March 26 during a meeting in Tashkent attended by a delegation led by Mohammad Karim Hashimi, chairman of the Afghanistan Chamber of Commerce and Investment. The inaugural session brought together representatives from both countries’ business communities and relevant institutions. The council comprises 32 members. On the Uzbek side, participants include officials from the Chamber of Commerce and Industry and representatives of sectoral associations. The Afghan delegation includes members of the Chamber of Commerce and Investment as well as executives from leading private companies. Discussions focused on expanding bilateral trade, fostering direct business-to-business cooperation, and launching new joint projects. Priority sectors identified for collaboration include construction materials, pharmaceuticals, food production, textiles, electrical engineering, and petroleum products. Both sides set a target of increasing bilateral trade to $5 billion in the near term. To support this goal, they agreed on several priority measures, including expanding export capacity, introducing digital customs systems, improving financial and insurance services, and increasing transparency in trade procedures. Participants also emphasized the importance of regularly organizing exhibitions, business forums, and business-to-business meetings to strengthen ties between entrepreneurs and facilitate partnerships. Chairman of Uzbekistan’s Chamber of Commerce and Industry, Davron Vakhobov, highlighted the significance of the initiative, noting that it would help establish direct dialogue between businesses, create new partnerships, and boost investment activity. The creation of the Business Council builds on recent growth in economic ties between the two countries. Uzbekistan has described its relationship with Afghanistan as “friendly and constructive,” with bilateral trade reportedly increasing 2.5 times over the past five years-from $653 million in 2021 to $1.7 billion in 2025.
