The Republic of Uzbekistan and the Portuguese Republic, hereinafter referred to as the “Parties”,

Aware of the importance of economic cooperation for the development of the relations between both States;

Wishing to develop and intensify their economic cooperation based on the principles of equality, reciprocity, and mutual benefit;

In conformity with their internal Law and the generally recognized principles and rules of international Law,

Have agreed as follows:

The Parties shall promote, within the framework of their respective internal Law and the applicable international Law, the expansion and diversification of mutually advantageous cooperative economic relations in all fields relevant to economic development, such as in the field of tourism, energy, agriculture and food, environment, transport and infrastructure, industry, information and communications technology, science, and technology, among others.

The Parties shall endeavor to broaden and intensify their cooperation through appropriate means, as follows:

a) Promoting the linkage and strengthening the cooperation between individuals and organizations of the two States, governmental institutions, business associations, commercial chambers, encouraging the exchange of economic information of mutual interest;

b) Exchanging business information about concrete opportunities of cooperation, organizing mutual visits of delegations of the business community of the two States, promoting their participation in fairs and exhibitions, organizing business events, seminars, symposia and conferences;

c) Promoting a stronger participation of small and medium-sized private enterprises in bilateral economic relations;

d) Encouraging cooperation in providing expertise in areas of mutual interest, including cooperation in areas of technology and innovation;

e) Encouraging investment activities, the establishment of joint ventures and companiesʼ branch offices and other forms agreed by the Parties;

f) Cooperating on third markets;

g) Other areas of cooperation that may be agreed upon by the Parties.

Both Parties shall ensure and reinforce the protection of intellectual property rights, including geographical indications, according to their internal Law and international obligations.

Unless otherwise agreed, each Party shall bear the costs and expenses for its participation in activities under this Agreement.

1. With a view to ensure the implementation of this Agreement, the Parties shall establish a Joint Commission, composed of governmental representatives from both States, responsible for bilateral economic relations.

2. The Joint Commission shall meet at the request of either Party, by mutual agreement, alternatively in the Republic of Uzbekistan and in the Portuguese Republic, with date and venue to be agreed through diplomatic channels.

3. The tasks of the Joint Commission shall be:

a) oversight the implementation of this Agreement;

b) consideration of the possibilities for increasing and diversifying bilateral economic relations between the two States in the areas of mutual interest.

The provisions of this Agreement shall not affect the rights and obligations deriving from other international agreements that are binding upon both Parties.

Any dispute concerning the interpretation or application of this Agreement shall be settled through negotiations and consultations between the Parties.

1. This Agreement may be amended at the request of one of the Parties, in writing, by mutual consent between the Parties.

2. The amendments shall be made by separate protocols, which shall be an integral part of the present Agreement and enter into force in accordance with Article 10 of this Agreement.

1. This Agreement shall remain in force for a period of five (5) years and shall be automatically extended for subsequent period of five (5) years thereafter, unless either Party notifies, in writing and through the diplomatic channels, of its intent to terminate this Agreement six (6) months before such termination.

2. The termination of this Agreement shall not affect the validity or duration of any specific arrangements for the execution of projects or activities made under this Agreement until the completion of those arrangements.

This Agreement shall enter into force on the 30^th (thirtieth) day following the receipt, in writing and through diplomatic channels, of the last notification conveying the completion of the internal legal procedures of the Parties required for that purpose.

Upon entry into force of this Agreement, the Party in whose territory it is signed shall submit it to the Secretariat of the United Nations for registration, in accordance with Article 102 of the Charter of the United Nations and shall notify the other Party of the completion of this procedure as well as of its registration number.

Done in New York, on September 23 of 2024, in two originals in the Uzbek, Portuguese and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.