(MENAFN- Trend News Agency)
TASHKENT, Azerbaijan, March 23 . Azerbaijan is a
strategic partner of Uzbekistan, very important in the economic
sphere and not only. Therefore, cooperation with Azerbaijan is very
important for us, Deputy Prime Minister for Investments and Foreign
Economic Relations - Minister of Investments and Foreign Trade of
the Republic of Uzbekistan Sardor Umurzakov said on Wednesday,
answering a question from Trend correspondent, at a press conference on the eve
of the first Tashkent International investment Forum.
'The tendency of mutual trade between Azerbaijan and Uzbekistan
is positive. Even despite the pandemic, our trade volumes are
growing. Everything is balanced, developing at a steady pace. We
have a huge number of areas where we could implement various
projects, unleash the potential that has not yet been tapped. I
would like to note how we interact, in particular, in industrial
cooperation. In Azerbaijan, entrepreneurs and companies from
Uzbekistan are implementing a number of successful and landmark
projects in the field of electrical and automotive products. In
Uzbekistan, a number of investors from Azerbaijan are active in a
number of industries - agriculture, construction, production of
building materials, jewelry industry. We are very determined and
see huge potential, including investment in tourism. I myself
headed the working group when we traveled to Azerbaijan in 2019,
where we worked out a number of promising projects, with specific
areas, and now the time has come for implementation. The issue of
holding an intergovernmental commission between Uzbekistan and
Azerbaijan is currently being discussed. Business communities will
more actively use the potential that we have in our relations in
the field of economy, trade and business,' noted Sardor
Umarzakov.
From March 24 to March 26, 2022, the first Tashkent
International Investment Forum (TIIF) will be held in Tashkent.
This event is expected to be attended by heads and
representatives of official structures, large investment, financial
and economic organizations and companies of foreign countries,
including from Azerbaijan, interested in integrating into the
dynamically developing market of Uzbekistan.
TIIF is a new platform for the Central Asian region, in the
format of which the investment potential of Uzbekistan will be
presented to the international investment and business
community.
During the Forum, the conditions created in the country for the
development of business, transport infrastructure, 'green' energy,
the financial market, as well as the benefits and preferences
provided to attract investment in tourism, production of building
materials, textile and leather products, agriculture, etc. will be
discussed.
It is planned to organize an excursion of the Forum participants
to the leading industrial enterprises created in the indicated free
economic zones of the country.
Within the framework of TIIF, the participants of the event will
also visit the historical cities of Uzbekistan - Samarkand, Bukhara
and Khiva.
Visiting the Forum will be interesting and useful for foreign
partners intending to develop business in Uzbekistan and further in
other countries of the Central Asian region.
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