Azerbaijan, Uzbekistan Seek To Expand Trade, Investment Cooperation
Date
12/26/2022 7:10:52 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 26. Azerbaijan and
Uzbekistan have set a target to bring mutual trade turnover up to
$1 billion within 5 years, trend reports citing the Uzbek Ministry of Investments
and Foreign Trade.
The issue was discussed between the First Deputy Prime Minister
of Azerbaijan Shahin Mustafayev and Uzbekistan's Minister of
Investments and Foreign Trade Jamshid Khodjaev.
During the meeting, the parties voiced a mutual willingness to
increase the volume of mutual trade to $1 billion over the next 5
years. In this regard, the sides have agreed to create joint silk
and textile clusters, and carry out joint investment projects in
the field of mechanical engineering, chemical, petrochemical and
jewelry industries, energy, agriculture and other industries.
Furthermore, the representatives of the two countries discussed
a broad agenda of bilateral investment cooperation.
Meanwhile, the trade turnover between Azerbaijan and Uzbekistan
reached $162.2 million from January through November 2022, which is
an increase of 36.5 percent year-on-year ($118.8 million over the
same period in 2021).
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