Uzbekistan and Iran seek to expand trade and investment ties

Uzbekistan's First Deputy Foreign Minister Bakhromjon Aloyev met Iranian Ambassador Mohammad Ali Eskandari in Tashkent on October 23. According to Uzbekistan's Foreign Ministry, the officials reviewed the bilateral agenda, exchanged views on events planned for the near future and discussed current regional issues.

The meeting came as the two countries seek to expand economic ties alongside regular political dialogue. According to Uzbekistan's Ministry of Investment, Industry and Trade, bilateral trade increased by 37.5% year over year to $305 million in January–June 2026. The two sides are also advancing 29 joint projects aimed at expanding investment and commercial cooperation.

Trade, investment and transport connectivity have emerged as key areas of cooperation. The countries have explored ways to improve transit links, strengthen logistics routes and expand business ties. They are preparing to hold the 17th meeting of their Joint Intergovernmental Commission and an Uzbekistan–Iran Business Forum in Tashkent on November 26–27. The latest meeting follows political consultations held in Tehran in August.