Azerbaijan, Uzbekistan strengthen strategic economic partnership VIDEO/UPDATED

Azerbaijani Economy Minister Mikayil Jabbarov has discussed with Deputy Prime Minister of Uzbekistan Jamshid Khodjaev the prospects of activity in the spheres of industry, agriculture and tourism.

During the meeting, the parties noted that the political will and joint efforts of the heads of state form the basis of the strategic partnership between the countries, Caliber.Az reports, citing Azerbaijan's Ministry of Economy.

Work is underway with Uzbekistan on a broad cooperation agenda in such sectors as energy, agriculture, tourism, small and medium-sized businesses, healthcare and transport. There are favourable conditions for strengthening cooperation in a number of areas of industry, as well as in the transport and logistics sector.

The meeting emphasized the activities of the Azerbaijan-Uzbek Investment Company aimed at promoting high-tech production in Azerbaijan and Uzbekistan, increasing trade turnover, expanding ties between business circles, and attracting foreign investment.

It was emphasized that jointly implemented projects will contribute to economic stability in the region, increase the well-being of peoples, access of business entities of our countries to promising trading platforms, creation of new jobs and modernization of local infrastructure.

The parties assessed the prospects for activities within the framework of the "Roadmap" for expanding trade, economic and investment cooperation for 2024-2025 in the fields of industry, energy, logistics, agriculture and tourism.

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Azerbaijani Economy Minister Mikayil Jabbarov has discussed with Deputy Prime Minister of Uzbekistan Jamshid Khodjaev the prospects of activity in the spheres of industry, agriculture and tourism, Caliber.Az reports.

Özbəkistanın Baş nazirinin müavini cənab Cəmşid Xocayevi ölkəmizdə yenidən görmək xoş oldu.
Dost ölkə ilə 2024-2025-ci illər üçün #ticarət-#iqtisadi və #investisiya əməkdaşlığının genişləndirilməsinə dair #YolXəritəsi çərçivəsində #sənaye, #energetika, logistika, kənd təsərrüfatı… pic.twitter.com/5kH2TlaHvH

— Mikayil Jabbarov (@MikayilJabbarov) September 24, 2024

“It was a pleasure to see Uzbekistan's Deputy Prime Minister Jamshid Khodjaev in our country again. We assessed the prospects of activity in the spheres of industry, energy, logistics, agriculture and tourism within the framework of the Roadmap for expanding trade, economic and investment cooperation with a friendly country for 2024-2025,” Jabbarov said on his page on social network X

“Jointly implemented projects will contribute to economic stability in the region, well-being of our peoples, access of business entities of our states to promising trade platforms, creation of new jobs and improvement of local infrastructure,” the publication says.

Azerbaijan and Uzbekistan share a close relationship, rooted in common historical, cultural, and linguistic ties as both nations are part of the Turkic world. Their cooperation spans multiple areas, including political, economic, cultural, and military domains, and has strengthened in recent years, reflecting both countries' strategic interests in enhancing their regional influence and fostering mutual development.

Azerbaijan has become a transit hub in the Trans-Caspian International Transport Route (TITR), also known as the "Middle Corridor," which is of strategic interest to Uzbekistan as it seeks diversified routes to access European and global markets. Azerbaijan’s geographic location makes it a gateway for Uzbekistan’s trade through the Caspian Sea, connecting Central Asia with Europe.

By Khagan Isayev