баннер
Apr 26, 2025
11:18

    Uzbekistan and Azerbaijan strengthen trade, economic and investment cooperation

    Business 4 March 2025 1053

    On March 3 of this year, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov received the Ambassador of Azerbaijan to Uzbekistan Huseyn Guliyev.

    During the talks, the parties discussed measures for the timely implementation of existing agreements, as well as prospects for strengthening trade, economic and investment cooperation, with an emphasis on the broad involvement of representatives of the business circles of the two countries in this process.

    In particular, issues related to the implementation of previously agreed projects in the field of urban planning, tourism and agriculture were discussed. Along with defining complex tasks to accelerate the ongoing work, the parties agreed on upcoming joint steps to support new investment projects.

    The positive dynamics in the field of investment cooperation was noted. Currently, there are 257 enterprises with the participation of Azerbaijani investments in Uzbekistan, including 56 joint ventures and 201 enterprises with 100% Azerbaijani capital. Having agreed on the existence of a huge potential for a multiple increase in these indicators, the parties agreed on plans to promote promising projects among the business communities of Uzbekistan and Azerbaijan.

    Following the meeting, mutual measures were also agreed upon to hold the 14th meeting of the Joint Intergovernmental Commission on Cooperation in the first half of this year and other events within the framework of the bilateral agenda of Uzbek-Azerbaijani multifaceted cooperation.

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