(MENAFN- AzerNews)
Ulviyya Shahin Read more
Azerbaijan and Uzbekistan discussed the development ofcooperation in the fields of electrical engineering and devicemanufacturing.
According to the information reported by Azernews citing the Ministry of Economy, DeputyMinister Samad Bashirli was informed about this in a meeting withMirziyod Yunusov, the Chairman of the Board of Directors of the"Uzeltexsanoat" Association of Uzbekistan, and representatives of"Artel" and "AKFA" companies.
During the meeting, it was emphasised that theAzerbaijan-Uzbekistan partnership and economic-trade relations aredeveloping. It was noted that the trade turnover between thecountries is increasing and cooperation in the field of mutualinvestments is expanding. However, there is great scope forstrengthening the partnership.
The recent discussions between Azerbaijan and Uzbekistanregarding cooperation in the fields of electrical engineering anddevice manufacturing mark a significant step towards enhancingbilateral economic ties and fostering technological collaborationbetween the two countries.
Both countries have recognised the importance of advancing theirtechnological capabilities and fostering collaboration to leveragemutual strengths in these sectors.
The governments of both Azerbaijan and Uzbekistan have showncommitment to fostering cooperation in various sectors, includingelectrical engineering and device manufacturing. Bilateralagreements and memoranda of understanding (MoUs) have been signedto formalise and enhance collaboration in these areas.
Potential areas of cooperation between Azerbaijan and Uzbekistanin electrical engineering and device manufacturing may includerenewable energy technologies, power generation and distributionsystems, electrical equipment manufacturing, electronicsproduction, and semiconductor manufacturing.
Azerbaijan and Uzbekistan have historically maintained friendlyrelations, characterised by mutual respect and cooperation acrossvarious sectors. Both countries are members of regionalorganisations such as the Turkic Council and have shared culturaland historical ties as Turkic-speaking nations.
The meeting between Deputy Minister Samad Bashirli and MirziyodYunusov underscores the growing economic and trade relationsbetween Azerbaijan and Uzbekistan. The trade turnover between thetwo countries has been increasing steadily, reflecting the mutualinterest in expanding bilateral trade and investment.
The focus on cooperation in electrical engineering and devicemanufacturing highlights the shared interest of Azerbaijan andUzbekistan in leveraging their respective strengths in thesesectors. Both countries recognise the importance of technologicaladvancement and industrial development in driving economic growthand competitiveness.
The involvement of representatives from the "Uzeltexsanoat"Association of Uzbekistan, as well as companies such as "Artel" and"AKFA," signifies the active participation of key players in thediscussion. These entities likely possess expertise andcapabilities in electrical engineering and device manufacturing,making them valuable partners for collaboration.
Despite the positive trajectory of Azerbaijan-Uzbekistanrelations, there is acknowledgement of the vast potential forfurther strengthening the partnership. Both sides recognise theneed to explore new avenues of cooperation, expand mutualinvestments, and deepen engagement in areas of shared interest.
Collaboration in electrical engineering and device manufacturingpresents mutual benefits and opportunities for Azerbaijan andUzbekistan. This includes technology transfer, knowledge sharing,access to new markets, and the development of innovative solutionsto address common challenges.
The discussions between Azerbaijan and Uzbekistan reflect along-term vision of building a robust partnership based on sharedinterests and mutual cooperation. By identifying areas of synergyand pursuing strategic objectives, both countries aim to create aconducive environment for sustainable economic growth anddevelopment.
The recent dialogue between Azerbaijan and Uzbekistan signals apositive momentum in their bilateral relations, particularly in therealm of economic cooperation and technological collaboration. Byfostering partnerships in electrical engineering and devicemanufacturing, both countries seek to unlock new opportunities formutual benefit and contribute to regional prosperity.
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