(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 24. Azerbaijan and
Uzbekistan have signed an intergovernmental agreement on the
establishment of a Joint Investment Fund for $500 million, trend reports via the
Uzbek media.
This agreement was signed within the framework of the first
Uzbek-Azerbaijani inter-regional forum, being held in Tashkent.
The establishment of the fund will enable countries to
strengthen trade and economic relations, increase foreign trade
turnover, as well as enhance cooperation in the industrial
sector.
At the intergovernmental agreement signing ceremony,
Azerbaijan's Economy Minister Mikayil Jabbarov noted that this
investment fund is a landmark since Azerbaijan hasn't established
funds of such a scale before.
The minister announced Azerbaijan's plans to increase
investments in the newly established fund.
The first Uzbek-Azerbaijani inter-regional forum is being held
on February 23-24.
The forum has been organized with the support of the Azerbaijan
Export and Investment Promotion Fund (AZPROMO), the Ministry of
Investments, Industry and Trade of Uzbekistan, the Ministry of
Economic Development and Poverty Reduction, as well as the Chamber
of Commerce and Industry of Uzbekistan.
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