Azerbaijan, Uzbekistan Exchange Agreements Signed In Various Sectors
Date
8/22/2024 7:18:09 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 22. Azerbaijan and
Uzbekistan have exchanged signed agreements in various sectors, the
Azerbaijani Economy Minister Mikail Jabbarov wrote on X, Trend reports.
“The Uzbek-Azerbaijani business forum hosted a ceremony of
exchange of signed agreements in various sectors, including energy,
education, logistics, and construction, expanding cooperation
between Baku and Tashkent, as well as the twinning of the
Azerbaijani city of Guba with the Uzbek city of Jizak and the city
of Beylagan with the city of Shakhrisabz. These agreements are
crucial for deepening relations and strengthening the multifaceted
partnership between our countries,” the publication reads.
To note, currently, Uzbekistan is playing host to a whopping 236
enterprises with Azerbaijani capital. Among them, there are 62
joint ventures and a staggering 174 enterprises that are completely
owned by foreigners. Furthermore, Azerbaijan is a hotbed for 70
Uzbek companies that are hitting the ground running.
Overall, the trade turnover between Azerbaijan and Uzbekistan
exceeded $118.2 million from January through July 2024.
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