Uzbekistan and Azerbaijan aim to boost their bilateral trade volume to $1 billion, as decided during the 13th session of the Joint Intergovernmental Commission on Cooperation in Bukhara
Co-chaired by Uzbekistan's Minister of Investment, Industry, and Trade, Laziz Kudratov and Azerbaijan's Minister of Economy, Mikayil Jabbarov, the meeting discussed enhancing cooperation in sectors such as mechanical and electrical engineering, energy, petrochemicals, agriculture, and tourism.
Bilateral trade has surged by 26.5% in 2023, reaching $231.6 million, with further increases expected. The session also highlighted the establishment of the Joint Uzbek-Azerbaijani Investment Fund and emphasized improving transport corridors and logistics infrastructure.
