Minister of Investment, Industry and Trade held a meeting with Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Uzbekistan

On September 10, Laziz Kudratov, Minister of Investment, Industry and Trade of the Republic of Uzbekistan held a meeting with Huseyn Guliyev, Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Uzbekistan, the press service of the Ministry reports.

During the meeting, the sides welcomed the positive dynamics of trade-economic and investment relations based on warm and trusting relations between the heads of the two states.

The trade turnover grew by 26.5% in 2023. There are 230 enterprises with Azerbaijani capital in Uzbekistan in the spheres of trade, engineering and metalworking, finance and insurance, real estate operations, energy, services, jewelry production, food and light industry. Big number of large mutually beneficial investment projects is being realized on a mutual basis.

The sides discussed measures to accelerate the implementation of agreements reached during the state visit of President of Azerbaijan Ilham Aliyev to Uzbekistan in August this year in such sectors as development of urban infrastructure, industrial production, chemical industry and IT.

The sides agreed on the importance of building partnership ties between business circles of the two states and developing inter-regional cooperation. In this context, readiness to take necessary measures to support the business community and further strengthen cooperation in priority sectors was confirmed.