Uzbekistan’s Ambassador to Iran Fariddin Nasriev says his country is willing to make use of the potentials of the Port of Chabahar in southeastern Iran.

The ambassador made the remarks in a meeting in Tehran with President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh.

Speaking during the meeting, the president of Iran Chamber of Commerce voiced Iran’s readiness to make investments in expansion of Uzbekistan’s infrastructure.  

He referred to Iran’s high potentials in producing medicines, noting that the country stands ready to export pharmaceuticals to Uzbekistan and help transfer the technology to the Central Asian country.

Hassanzadeh also highlighted Iran’s transit routes which he said provide Uzbekistan with access to Europe.

The Uzbek minister, for his part, said that his country will soon be hosting a major investment forum, calling on the Iranian business actors to participate in the event.

Noting that Uzbekistan imports some $900 million worth of medicine each year, Nasriev called on Iranian companies to launch medicine production lines in Uzbekistan.  

The ambassador said that his country has signed a contract with a major Iranian pharmaceutical company and also plans to give a boost to this cooperation.