(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Uzbekistan have discussed ways for boosting
cooperation and addressed the support provided to SMBs, Azernews
reports.
The discussion took place during a meeting between Azerbaijan's
Agency for Small and Medium Business Development Chairman Orkhan
Mammadov and Uzbekistan's Economic Development and Poverty
Reduction Deputy Minister, Agency for Entrepreneurship Development
Director Mirzokhid Ubaydullayev.
During the meeting, the parties also discussed the small and
medium business activities in both countries.
To recall, an Azerbaijani-Uzbek business forum was held in
Tashkent on June 20 ahead of the visit of President Ilham Aliyev to
Uzbekistan. Within the forum, a number of cooperation documents
were signed between the two countries.
In this regard, a memorandum of understanding on cooperation
between Azerbaijan's Agency for Small and Medium Business
Development and Uzbekistan's Chamber of Commerce and Industry was
signed. The document was signed by the agency's chairman Orkhan
Mammadov and the chamber's head Davron Vakhabov.
According to the memorandum, the sides will inform each other
about trade and investment opportunities of the two countries,
support and promote the development of bilateral relations between
SMBs, and organize mutual business missions.
Additionally, during the visit of President Ilham Aliyev to
Tashkent, the two countries' presidents signed the“declaration on
the deepening of strategic partnership and expanding comprehensive
cooperation between Azerbaijan and Uzbekistan”. At the same time,
various cooperation documents were also signed in the presence of
Ilham Aliyev and Shavkat Mirziyoyev.
The volume of trade turnover between Azerbaijan and Uzbekistan
amounted to $111.9 million in 2021. Presently, around 195
Azerbaijani enterprises are represented in Uzbekistan, 69 of which
have joint capital and 126 of them have 100 percent Azerbaijani
capital.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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@AzerNewsAz
- Tags:
- Azerbaijan
- Uzbekistan
- Agency for Small and Medium Business Development
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