Uzbekistan, Azerbaijan consider increasing mutual cargo transportation, transit potential

By Trend

On July 2, Minister of Investment and Foreign Trade Sardor Umurzakov received Ambassador of Azerbaijan Guseyn Guliev, Trend reports citing Kun.uz.

During the talks, the parties discussed the current agenda of bilateral cooperation, the prospects for its development, as well as the progress in the implementation of previously reached agreements.

“Priority areas for increasing investment cooperation are set to be projects in the fields of agriculture, production of building materials and tourism and it was agreed to attract Azerbaijani companies to establishment of industrial cooperation with Uzbek manufacturers in the areas of textile, leather-shoe, jewelry and electrical industry,” the statement said.

The meeting also discussed increasing the volume of mutual trade; the economies of the two countries have all the prerequisites for further increasing annual trade volumes to $500 million in the near future.

As a result of negotiations, the parties expressed their commitment to active cooperation on the implementation and promotion of previously reached agreements, as well as expanding the agenda of bilateral partnership.