Goyal calls for doubling India–Uzbekistan trade at business forum
Commerce Minister Piyush Goyal called for doubling India–Uzbekistan trade over the next three years at the India–Uzbekistan Business Forum in New Delhi on 3 August 2026.
Summary
Commerce and Industry Minister Piyush Goyal addressed the India–Uzbekistan Business Forum in New Delhi on 3 August 2026, inviting businesses of both countries to co-invest, co-manufacture and co-innovate. He called for doubling bilateral trade, which has crossed about US$1.5 billion, over the next three years. Goyal said the recently concluded India–Uzbekistan Bilateral Investment Treaty would boost investor confidence, and highlighted opportunities in mining, textiles, healthcare, agriculture and digital technologies.
Key facts
- Event
- India–Uzbekistan Business Forum, New Delhi
- Date
- 3 Aug 2026
- Trade
- ~US$1.5 billion
- Goal
- Double trade in three years
- Treaty
- Recently concluded Bilateral Investment Treaty
- Sectors
- Mining, textiles, healthcare, agriculture, digital
Practice MCQs 2 questions
At the India–Uzbekistan Business Forum in August 2026, bilateral trade between the two countries was stated to have crossed approximately how much?
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Correct answer: B — US$1.5 billion
Piyush Goyal said bilateral trade had crossed about US$1.5 billion and called for doubling it in three years.
Consider the following statements about India–Uzbekistan economic ties as discussed on 3 August 2026: 1. Piyush Goyal called for doubling bilateral trade over the next three years. 2. India and Uzbekistan have recently concluded a Bilateral Investment Treaty. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: Goyal set a three-year goal to double trade and referred to the recently concluded Bilateral Investment Treaty.