Uzbekistan and Azerbaijan are drawing up a new programme aimed at boosting bilateral trade to $1 billion by 2030, as the two countries move to deepen economic and industrial ties.
The plans were discussed at a meeting between Uzbekistan’s Minister of Investment, Industry and Trade, Laziz Kudratov, and Azerbaijan’s Ambassador to Uzbekistan, Rashad Mammadov.
Bilateral trade reached $307.3 million in 2025, up 14.6 per cent on the previous year. From January to June 2026, trade reached $170.3 million, a year-on-year increase of 30.8 per cent, signalling faster growth this year.
The countries’ trade relationship is relatively diversified. Uzbekistan’s exports to Azerbaijan include food products, vehicles, mechanical equipment, industrial goods and other manufactured products, while imports include metals, food products and other industrial goods.
The economic relationship is also increasingly moving beyond the exchange of goods. Uzbekistan and Azerbaijan are developing cooperation across sectors including energy, geology and mining, textiles, tourism, logistics, pharmaceuticals, electrical engineering and food production. A bilateral investment company is also being expanded to support new projects.
Azerbaijani businesses already have a growing presence in Uzbekistan. As of June 2025, 280 enterprises with Azerbaijani capital participation were operating in the country, spanning sectors from manufacturing and energy to finance, services and food production.
The two countries are also seeking to strengthen direct links between businesses and regional authorities. The fourth Uzbekistan–Azerbaijan Interregional Forum, scheduled for 22 August in Tashkent, is expected to provide a platform for new trade and investment projects.
The latest discussions build on a broader push to deepen economic ties between the two countries. In July, officials reaffirmed the $1 billion trade target and reviewed projects in mining, textiles, tourism, pharmaceuticals, electrical engineering and construction materials.
If achieved, the target would mark a significant jump from current trade levels and signal a shift towards a wider economic partnership, with trade, investment, industrial cooperation and regional connectivity advancing in tandem.
Pakistan is pushing for urgent global action and greater climate funding as Prime Minister Shehbaz Sharif attends COP31 in Türkiye, warning th...
Armenia has lost its voting rights and the ability to nominate officials for certain posts within the Russian-led Collective Security Treaty Organi...
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing dis...
Delegations from Russia, Ukraine and the United States met in Abu Dhabi on Tuesday for their first formal talks in nine months. They did so with no agreement on what a ceasefire would be tied to or who gets to keep the land currently under Russian control.
At least 17 people have been reported killed in an explosion at a steel plant in western Türkiye, after a crane collapsed during maintenance work. The disaster has prompted a criminal investigation into what went wrong at the industrial facility.
U.S. envoy Jared Kushner said Washington believes the Russian President is prepared to reach a peace agreement under the right conditions, as U.S., Russian and Ukrainian delegations began trilateral talks in Abu Dhabi on Tuesday 10 November.
Armenia could lose its voting rights within the Collective Security Treaty Organization (CSTO) on 11 November after failing to pay membership fees for more than two years, Russian Foreign Minister Sergey Lavrov has said.
Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
Pakistan is pushing for urgent global action and greater climate funding as Prime Minister Shehbaz Sharif attends COP31 in Türkiye, warning that melting glaciers, devastating floods and extreme heat are putting millions of lives and livelihoods at risk.
Armenia has lost its voting rights and the ability to nominate officials for certain posts within the Russian-led Collective Security Treaty Organization (CSTO). The decision was taken at a summit in Moscow on 11 November, amid years of strained relations between Yerevan and the alliance.
Heavy rain and strong winds have flooded around 70,000 tents across Gaza, leaving displaced Palestinian families exposed to cold, hunger and worsening living conditions as winter approaches, according to local authorities.
Trade along the Middle Corridor is accelerating, opening new opportunities for Central Asia and the South Caucasus as countries strengthen transport links between China and Europe. Cargo volumes reached around 4.7 million tonnes in 2025, up from less than one million tonnes in 2021.
Kazakhstan says the North Aral Sea’s water volume has risen by 24 per cent since 2022, reaching 23.4 billion cubic metres. The figures were unveiled at the COP31 climate conference in Antalya, Türkiye, as the country outlined ambitious plans to accelerate restoration.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment