Iran plans to establish new manufacturing facilities in Uzbekistan's leather industry zones, the Uzbek news agency UzA reported on February 21.
Ties between the two sides continue to grow year-on-year despite trade and transit obstacles set up by Turkmenistan between the two larger economies.
The initiative was discussed during a meeting between the chairman of the Uzcharmsanoat Association, Akhmad Sultanov, and an Iranian delegation led by Rahmatullah Khurmoli, Trade Counsellor of the Iranian Embassy in Uzbekistan.
“Iranian companies currently supply essential raw materials and components to Uzbekistan's leather industry,” the Iranian official said.
“We propose to implement projects for TEP granules and adhesive production in Uzbekistan's small industrial zones,” Khurmoli added.
The discussions also covered expanding bilateral trade relations and implementing joint investment projects in the leather industry sector.
Iranian officials highlighted wool processing as a particularly promising area for cooperation.
The Iranian delegation will participate in the UzCharmExpo-EurAsia-2025 exhibition in Tashkent this April.
Iran increased its quota for Uzbek companies at Iran Expo-2025 to 120 firms, demonstrating growing commercial ties between the two nations.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Riyadh condemns Iranian strike on Bahri tanker
Saudi Arabia has condemned an Iranian attack on one of its oil tankers in the Strait of Hormuz that killed two Filipino crew members, Bahri confirmed. The vessel, Sidr, was transiting the strait ... more
Iran's IRGC says two tankers 'hit mines' in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps (IRGC) said two oil tankers "struck mines and caught fire" in the Strait of Hormuz after their crews disembarked and the vessels were used to attempt an ... more
Trump says he does not care if Iran signs "worthless" deal as Hormuz standoff hardens
US President Donald Trump said he was indifferent to whether Iran signed a peace agreement, claiming Washington now held near-total control of the Strait of Hormuz, in a post on his Truth Social ... more