By Ayya Lmahamad
Azerbaijani and Uzbek businesswomen have signed 19 agreements
and memorandums worth over $54 million, Azernews reports, with
reference to the Uzbek media.
The contracts were signed within the Azerbaijani-Uzbek business
forum of women entrepreneurs, which covered almost all sectors of
the economy, in particular, industry, services, agriculture,
At the end of the event, a memorandum of understanding on the
development of bilateral relations was signed between the Uzbek
Women Entrepreneurs' Club under the Commission on Enhancing the
Role of Women in Society, Gender Equality and Family, and
Azerbaijan's Association for the Development of Women
According to representatives of both countries' delegations, the
forum became an important and relevant platform for the exchange of
experience and discussion of current issues on the development and
capacity building of entrepreneurship in various fields in both
Earlier it was reported that Azerbaijan and Uzbekistan are
planning to establish joint ventures that will promote their
products to foreign markets.
During the recent visit of Azerbaijan's President Ilham Aliyev
to Uzbekistan, documents were signed between the entrepreneurs of
the two countries in excess of $500 million.
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
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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