Shorouk Express 
BAKU, Azerbaijan, June 20. The trade turnover
between Uzbekistan’s Fergana region and Azerbaijan reached $3.3
million over the past five months, Deputy Governor of the Fergana
region Nuriddin Mamajonov said at the 3rd Azerbaijan-Uzbekistan
Interregional Forum in Baku, Trend reports.
“Although $3.3 million may seem modest compared to our total
foreign trade volume, it demonstrates a solid foundation for
further growth. We see significant potential for expanding
bilateral cooperation,” Mamajonov noted.
He emphasized that thanks to the policies of the governments of
Uzbekistan and Azerbaijan, active partnerships have been
established over the past three to four years with Azerbaijani
entrepreneurs and investors in the areas of trade and
investment.
“Our key area of cooperation with Azerbaijani partners is the
processing of agricultural products, with the aim of exporting them
to European markets,” he added.
Mamajonov also highlighted that 11 joint ventures with
Azerbaijani partners are currently operating in the Fergana region.
Of these, eight are financed with joint Azerbaijani-Uzbek capital,
while three are funded solely by Azerbaijani investment.
Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel
