2024-05-07 04:10:39
Baku and Tashkent emphasized the importance of increasing the portfolio of projects, including by attracting funds from a joint investment company.
As Day.Az reported on Wednesday, an exchange of views on this issue took place during a meeting between the President of Uzbekistan Shavkat Mirziyoyev and the Minister of Economy of Azerbaijan Mikail Jabbarov, who is visiting Tashkent.
The parties noted that the two countries are already implementing projects in the fields of automotive, energy, agriculture, electrical engineering, textiles, tourism and other industries, and an agreement was reached to hold the next meeting of the intergovernmental commission and the second Forum of Regions of the two countries.
Let us recall that today in Tashkent a memorandum of cooperation on the integration of the energy systems of Azerbaijan, Kazakhstan and Uzbekistan was signed. As Mikail Jabbarov noted, the implementation of the document will stimulate the implementation of joint goals towards the production of “green” energy and its export to Europe through the territory of Azerbaijan, as well as the integration of energy systems and the organization of the effective use of renewable energy sources.
It should be noted that the volume of trade turnover between Azerbaijan and Uzbekistan in the period from January to March 2024 amounted to 142 million US dollars. The economies of the two countries have sufficient potential for mutual trade to increase to $1 billion in the coming years.