Why is Uzbekistan Important for India?
Above topic is Important under the topic International Relations for UPSC Mains Paper 2.
WHAT HAPPENED EXACTLY.
President of the Republic of Uzbekistan, Shavkat Mirziyoyev is on the visit to India for two days.
This is Mirziyoyev’s first visit to India since assuming office in 2016.
About Uzbekistan
In the capital of Uzbekistan, Tashkent peace treaty happened between India and Pakistan in the year 1966.
Uzbekistan Was part of USSR in 1991.
Uzbekistan is dependent on other countries for trade, especially on Nepal.
Billions of wealth are present in their land.
They are having rare minerals.
Uzbekistan is making their economy strong slowly.
Several excellent opportunities exist for Indian investment in the non-ferrous and rare-earth metals industry.
Uzbekistan wants to export its minerals to India which would ultimately be better for there economies.
NOTES :
India has been citing obstructions of physical connectivity, Pakistan’s hostility and the instability in Afghanistan for its desultory attitude towards Central Asia.
But such excuses can no longer hold true as distant countries like South Korea are doing enough business with the region.
ASHGABAT AGREEMENT
The Ashgabat agreement is a multimodal transport agreement between India, Iran, Kazakhstan, Oman, Pakistan, Turkmenistan and Uzbekistan for creating an international transport and transit corridor facilitating transportation of goods between Central Asia and the Persian Gulf.
Because of this agreement truck can pass easily through the border of each others country without any paperwork.
India and Uzkebistan trade will increase.
India and Uzbekistan set an annual bilateral trade target of $1 billion to be achieved within two years and agreed to boost connectivity as the two sides
NOTES
Member states of the Shanghai Cooperation Organisation.
China.
Kazakhstan.
Kyrgyzstan.
Russia.
Tajikistan.
Uzbekistan.
India.
Pakistan.
Uzbekistan’s trade with India is a paltry $323 million.
Under the Shanghai Cooperation Organisation.
India’s current trade figure of about $100 billion with the SCO under which
India’s current trade $90 billion with China,
$8 billion with Russia
only $1.5 billion with the Central Asian states,
of which $1 billion is with Kazakhstan.
Uzbekistan is a distant second.
MUST ESTABLISH CONNECTIVITY
North-South Transport Corridor (NSTC)
will deepen trade relation between India and Uzbekistan
17 MEMORANDUM OF UNDERSTANDING (MOUS)
Modi also said that India has decided to extend a line of credit (LoC) of $200 million to Uzbekistan for housing.
Agreement between the Government of the Republic of Uzbekistan and the Government of the Republic of India for visa-free travel for diplomatic passport holders.
Memorandum between the Ministry of Defence of the Republic of Uzbekistan and the Ministry of Defence of the Republic of India on cooperation in the field of military education.
SOME OF THE MAIN MOUS
• Memorandum of Understanding between the Hakimian of Samarkand City, Samarkand region, the Republic of Uzbekistan and the Municipal Corporation of Agra, Uttar Pradesh, Republic of India.
• Agreement on cooperation between the Chamber of Commerce and Industry of the Republic of Uzbekistan and the Confederation of Indian Industry on the establishment of the India- Uzbekistan business council.
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