Azerbaijan, Uzbekistan Mull Ways Of Coop In Field Of Industrial Parks
Date
8/21/2023 9:26:11 AM
(MENAFN- AzerNews) Azerbaijan and Uzbekistan have discussed prospects of
cooperation in the field of industrial parks. This was reported by
Azerbaijani Economy Minister Mikail Jabbarov on his page in X
(Twitter), Azernews reports, citing Economy
Minister.
"At a meeting with the Minister of Investment, industry and
Trade of Uzbekistan Laziz Kudratov we held useful talks on
expansion of economic and trade relations between the two
countries, Promotion of mutual investments, implementation of joint
projects, as well as prospects of cooperation with Uzbekistan in
the field of industrial parks," he said.
It should be noted that trade turnover between Azerbaijan and
Uzbekistan in 2022 amounted to $181.2 million (52.4 percent growth
compared to 2021). The economies of the two countries have
sufficient potential for mutual trade indicators to grow to $1
billion in the coming years.
As of the first of July 2023, 204 enterprises with Azerbaijani
capital were operating in Uzbekistan (71 in 2017), including 67
joint ventures and 137 foreign enterprises. Since the beginning of
this year, 22 joint ventures have been established.
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