Uzbekistan and Azerbaijan elevate strategic ties with surge in joint projects

Azertag

Uzbekistan and Azerbaijan are deepening their economic and political ties, with joint ventures increasing fivefold and trade turnover tripling in just five years, signaling a new strategic phase in bilateral cooperation.

According to Uzbekistan’s ambassador to Azerbaijan, Bahrom Ashrafkhanov, the number of joint ventures between the two countries has grown fivefold, highlighting a rapid expansion in economic collaboration. Speaking at the second session of the Azerbaijan-Uzbek expert council, he noted that Uzbekistan now hosts 540 companies with Azerbaijani capital, while about 70 Uzbek enterprises operate in Azerbaijan. Key projects include automotive production, textile and silk-growing clusters, as well as gypsum board and jewelry manufacturing.

Trade turnover has reached $255 million—three times the volume of five years ago—with the aim to boost it to $1 billion. A 20-point cooperation program has been adopted, focusing on green energy exports to Europe via Azerbaijan and the development of strategic transport corridors.
 

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