Uzbekistan intends to invest in Karabakh

Representatives of the Center for Economic Analysis and Reforms (CERR) under the Presidential Administration of Uzbekistan are studying the experience of the Azexport portal, the Digital Trade Hub, and the Export Support Centre of "One Stop Shop" owned by the Azerbaijan Center for Economic Reforms Analysis and Communication (CERAC), Executive Director of CERAC Vusal Gasimli said at a joint briefing with the head of the Uzbek delegation Obid Hakimov, as well as ASAN service, DOST center, e-government experience.

"In this regard, a number of meetings were held between the delegations of Azerbaijan and Uzbekistan. Today, cooperation between the two countries continues successfully in all areas. Azerbaijan is implementing large investment projects in Uzbekistan. At the same time, Uzbekistan has stated its intention to invest in the liberated territories of Azerbaijan and participate in construction work," he noted.

According to Gasimli, today, the trade turnover between Azerbaijan and Uzbekistan is not at the desired level.

"Since the beginning of this year, Azerbaijan's exports to Uzbekistan have amounted to $23.1 million, while imports from Uzbekistan have amounted to $52 million. Trade turnover between the two countries is expected to increase in the future," he said.