BAKU, Azerbaijan, August 22. Azerbaijan and Uzbekistan have opportunities to expand joint activities in third countries, Azerbaijani Economy Minister Mikayil Jabbarov said at an Uzbek-Azerbaijani business forum in Tashkent, TurkicWorld reports.
"Opportunities to expand joint activities of entrepreneurs exist not only in Azerbaijan and Uzbekistan but also in third countries," he stated.
The minister recalled that a week ago, representatives of relevant ministries and companies of Azerbaijan and Uzbekistan made a joint trip to Afghanistan.
"This direction seems promising for joint activity and it is not the only jurisdiction in which both countries can successfully work and realize their plans," he stressed.
In addition, Jabbarov stated that the anticipated outcomes are being produced by the previously defined transportation and logistics cooperation.
"There is a stable growth of cargo transportation in both directions, with an annual increase of about 20–30 percent," Jabbarov added.
The minister drove home the importance of the meetings and events held in this context.
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.
