By Ayya Lmahamad
Azerbaijan and Uzbekistan have discussed and outlined priorities
for the cooperation development between the two countries, Azernews
The discussion took place during a meeting between Azerbaijan's
Economy Minister Mikayil Jabbarov with Uzbekistan's Deputy Prime
Minister, Investments and Foreign Trade Minister Jamshid Khodjaev
'During the meeting with Jamshid Khojayev, Deputy PM of
#Uzbekistan, Minister of Investments and Foreign Trade, we
discussed the development of economic ties, increase of
#investments and #trade turnover, as well as expansion of
cooperation in the field of #industry,' Jabbarov wrote on his official Twitter page.
During the meeting, the parties stressed the significance and
efficiency of the visit of the Azerbaijani president to Uzbekistan
in June 2022. They noted that the direct dialogue at the highest
level has allowed intensifying bilateral interaction in all
existing areas, as well as identifying new growth areas of mutually
The sides stated that over the past five years, the number of
joint ventures created in Uzbekistan with Azerbaijani capital has
increased fourfold and totaled 243 units, adding that 70
enterprises with Uzbek capital are operating in Azerbaijan.
They agreed to intensify efforts for the timely and qualitative
implementation of 87 joint projects and trade contracts worth over
$500 million in the oil and gas, chemical, textile, and agriculture
Moreover, the sides reaffirmed intentions to continue the
initiative on the creation of the Uzbek-Azerbaijani Investment
Fund, and in this regard agreed to develop a roadmap as soon as
possible to organize its activities, as well as begin the
development of the relevant intergovernmental agreement.
Discussing the prospects for strengthening transport and
logistics ties, they agreed to enhance cooperation under the
Intergovernmental Agreement on International Road Transport between
Uzbekistan and Azerbaijan, as well as to accelerate the
transportation of cargoes with goods for Uzbekistan across the
Additionally, the parties discussed prospects for expanding
inter-regional cooperation, meaning the organization of an
exhibition of national goods in November this year in Tashkent, as
well as holding at a high substantive level the first forum of
regions of Uzbekistan and Azerbaijan.
During the visit to Uzbekistan, Mikayil Jabbarov also held a
meeting with the Uztekstilprom Association's Chairman Ilhom
Haydarov and the Uzbekipaksanoat Association's Chairman Bahrom
'We have familiarized ourselves with the activity of the modern
#textile clusters in Tashkent and met with chairman of the
Uztekstilprom Association Ilhom Haydarov and chairman of the
Uzbekipaksanoat Association Bahrom Sharipov. We have also held
fruitful discussions on the benefits of the expansion of
cooperation between #business entities for the economic development
of our countries,' Jabbarov wrote on Twitter.
The volume of trade turnover between Azerbaijan and Uzbekistan
amounted to $111.9 million in 2021.
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Follow us on Twitter
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.