Uzbekistan opens trade house in Azerbaijan

State Tax Service under the Ministry of Economy has registered Uzbek Trade House LLC with an authorized capital of AZN 20.

Report informs, citing the Ministry, that the legal address of the Trade House is Salamzade str. 65B, Narimanov district, Baku, the legal representative is Samir Elchin Jafarov.

In January-May 2020, the trade turnover between Azerbaijan and Uzbekistan amounted to $30,534,750, which is 27% higher than the previous year. In the reporting period, the export operations shrank 20.6% to $4,858,120, import operations scaled up by 43.3% to $25,676,630.