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Azerbaijan eyes deeper economic ties with Uzbekistan at upcoming investment forum
@Source: trend.az
BAKU, Azerbaijan, June 11. Azerbaijan plans to
hold an investment forum on June 27-28, aiming to deepen economic
ties with Uzbekistan, said Yusif Abdullayev, Acting Director of the
Agency for Promotion of Exports and Investments of the Republic of
Azerbaijan (AZPROMO).
He spoke at the panel session "Azerbaijan – Uzbekistan: Vector
of Economic Partnership" during the IV Tashkent International
Investment Forum.
Attracting investment remains a top priority for Azerbaijan.
Abdullayev expressed gratitude to Uzbekistan’s Ministry of
Investments, Trade, and Infrastructure for their collaborative
efforts. "Along with the minister, there is always a very
constructive dialogue going on. The roadmap covers more than 30
projects," he added.
He noted several key sectors driving cooperation, including
e-commerce and construction. "For Azerbaijan, the reconstruction of
territories is very important. One of the most active groups of
companies in Uzbekistan is conducting important talks on building
apartment complexes to create textile clusters," Abdullayev
Regarding agriculture, he highlighted progress in cotton cluster
projects: "Within this project, we have already planted 2,000
hectares and hope to increase this number to 6,000 hectares. We
have a couple of hectares for the current season and are now
awaiting the first harvest."
The manufacturing sector also remains a focus. "Our traditional
cooperation in infrastructure and car manufacturing is ongoing.
Currently, there is a functioning manufacturer where we have
already produced 9,000 units of the Chevrolet model. This confirms
the strength of the ‘Made in Azerbaijan’ and ‘Made in Uzbekistan’
brands," he noted.
On urban development, Abdullayev referred to recent discussions
about construction projects in Baku. "On June 4-5, a delegation
visited the White City area in Baku, and we believe this project
will be implemented soon," he said.
Looking ahead, Abdullayev highlighted growing trade relations.
"We discussed the trade group and hope that with the appointment of
trade representatives, our cooperation will continue developing,"
he concluded.
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