Uzbekistan, Azerbaijan to create a joint investment fund 

Opening the meeting, the head of state noted that Azerbaijan is “a close friend and time-tested reliable strategic partner of Uzbekistan“a”. The two countries share a common religion, spiritual values, similar traditions, language and culture. 

Shavkat Mirziyoyev expressed deep satisfaction with the achieved level of mutually beneficial cooperation, the strengthening bonds of friendship and mutual understanding between the countries. He reaffirmed his commitment to further building up the Uzbek-Azerbaijani strategic partnership and filling it with new practical content. 

The President of Uzbekistan noted that it is necessary to use the existing huge potential for cooperation, use the factors of complementarity of the economies of the two countries. In particular, they were invited to increase the volume of mutual trade, expand industrial cooperation, implement a number of projects in machine-building, electrical engineering, textile, wine-making, food, construction, oil and gas, petrochemical, pharmaceutical, agro-industrial and other industries. An agreement was reached to create a joint investment fund in order to develop and promote promising cooperation projects in the countries. 

Another promising area of   cooperation is agriculture. Pointing to the opportunities available here, the relevant ministers were instructed to agree on a roadmap for creating a silk production cluster. 

It was noted that the expansion of cooperation in the field of tourism will also serve to further strengthen business and humanitarian ties. The presidents supported the adoption of a separate program and the holding of a joint tourism fair. 

During the talks, a number of other agreements were reached aimed at strengthening cultural-humanitarian ties, in particular, on holding days of culture and cinema, strengthening contacts between universities, scientific institutions, sports and youth organizations.