Azerbaijan and Uzbekistan discuss deepening economic cooperation at the IV Tashkent International Investment Forum.
Led by Prime Minister Ali Asadov, the Azerbaijani delegation traveled to Uzbekistan to participate in the forum, where a key panel titled “Azerbaijan-Uzbekistan: Vector of Economic Partnership” was held on Wednesday (11 June).
Government officials and business leaders from both countries gathered to explore ways to expand bilateral trade, promote joint investment projects, and strengthen collaboration across sectors including energy, transport, agriculture, industry, and digital technologies.
Elnur Aliyev, First Deputy Minister of Economy of Azerbaijan, highlighted the positive impact of high-level visits and meetings between the two nations' leaders on fostering closer ties.
“Economic and trade relations between our countries are rapidly growing. Trade turnover with Uzbekistan has more than tripled in the first four months of this year alone. Mechanisms such as the Joint Intergovernmental Commission and the Azerbaijan-Uzbekistan Investment Company play a vital role in consolidating cooperation,” Aliyev said. He also stressed the importance of creating new platforms for joint activities to further stimulate economic partnership.
Other key figures contributing to the discussion included Uzbekistan’s Deputy Minister of Investments, Industry and Trade Khurram Teshabayev, AZPROMO Executive Director Yusif Abdullayev, Chairman of the Small and Medium Business Development Agency Orkhan Mammadov, Director of Uzbekistan’s Reconstruction and Development Fund Shukhrat Vafaev, Director of the Azerbaijan-Uzbekistan Investment Company Nazim Hajiyev, and Deputy Governor of Tashkent Sherof Rahmanov.
During the forum, Aliyev also held talks with Qatar’s Minister of Commerce and Industry, Ahmed bin Mohammed Al-Sayed. The meeting underscored the promising growth of Azerbaijan-Qatar relations and the significant potential to strengthen economic ties further.
Both sides discussed opportunities for joint investments, infrastructure development, and establishing effective public-private partnerships to enhance cooperation across multiple sectors.
The forum signals a growing commitment by Azerbaijan and Uzbekistan to deepen their strategic economic partnership and expand regional cooperation.
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