Measures implemented to strengthen economic cooperation and opportunities to increase mutual investments were discussed at the meeting.
Deputy Minister of Economy Sahib Mammadov met with Deputy Minister of Investment, Industry and Trade of Uzbekistan Oybek Khamraev.
Deputy Minister Sahib Mammadov emphasized that our countries attach special importance to the successful development of bilateral relations. It was pointed out that our nations are united by friendly relations, common history, traditions, culture and values. The visits of the heads of state, the held high-level meetings have encouraged the quality of the partnership between our countries to a new level, and the continuous development of mutually beneficial cooperation.
Regarding the work done in order to develop the economic and trade partnership between our countries, it was brought to attention that the 12th meeting of the Joint Intergovernmental Commission on cooperation between the Republic of Azerbaijan and the Republic of Uzbekistan was held in Shusha in July and important work was done during the period after the meeting, as well as a number of meetings were held with representatives of Uzbek companies and cooperation opportunities were discussed.
It was mentioned that trade turnover between our countries increased last year. However, there is great scope for expanding trade cooperation.
The issues contained in the intergovernmental agreement on the establishment of the Azerbaijan-Uzbekistan Investment Fund serve to increase mutual investments and trade turnover, and strengthen economic cooperation.
Uzbekistan's Deputy Minister of Investment, Industry and Trade Oybek Khamraev stressed his country's interest in the performance of joint projects with Azerbaijan in various directions, noted the purposeful measures implemented for the purpose of expanding economic relations, the importance of the signed documents, and shared his views on the development of partnership.
Measures implemented to strengthen economic cooperation and opportunities to increase mutual investments were discussed at the meeting.
