Uzbekistan, Azerbaijan Look To Establish Trade Houses And Showrooms - Minister
Date
8/22/2024 6:10:37 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 22. Uzbekistan and
Azerbaijan plan to establish trade houses and showrooms in Baku,
Shusha, Tashkent, and Samarkand, Uzbek Minister of Investment,
Industry and Trade Laziz Kudratov said at the Uzbek-Azerbaijani
business forum in Tashkent, Trend reports.
"Regarding priority areas of cooperation, I would like to
highlight the aim to increase and diversify our mutual trade. The
governments of both countries are discussing the implementation of
import substitution programs and the development of infrastructure
to enhance the sale of domestically produced goods and establish
dedicated spaces for these products.
This also includes plans to open trade houses and showrooms in
national pavilions in Azerbaijan's Baku and Shusha, with
reciprocation in Uzbekistan's Tashkent and Samarkand," the minister
said.
The Uzbek-Azerbaijani business forum, which kicked off in
Tashkent today, aims to strengthen economic ties between the two
countries, enhance cooperation, attract investments, and realize
joint projects. The forum will serve as a platform for discussing
ways to increase trade, share experiences, and establish new
business partnerships.
Currently, a total of 236 Azerbaijani-capital enterprises
operate in Uzbekistan, including 62 joint ventures and 174 fully
foreign-owned enterprises. Additionally, 70 Uzbek companies are
active in Azerbaijan.
The trade turnover between Azerbaijan and Uzbekistan surpassed
$118.2 million from January to July 2024.
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