Ali Asadov participates in 4th Tashkent International Investment Forum

Azerbaijani Prime Minister Ali Asadov participated in the Fourth Tashkent International Investment Forum as part of his official visit to Uzbekistan, Report informs, citing the Cabinet of Ministers.

Opening the forum, Uzbek President Shavkat Mirziyoyev provided information on the economic and investment opportunities of his country.

In his speech at the event, Prime Minister Asadov spoke about Azerbaijan's economic development indicators and favorable investment climate.

It was noted that last year, Azerbaijan's economy grew by 4.1%:

"The non-oil and gas sector grew by 6.2%. Azerbaijan's external debt is less than 7% of GDP, and our financial reserves exceed our external debt by 14 times."

Providing information on the measures taken to create a favorable investment climate in Azerbaijan, the prime minister said that consistent work is being carried out to reduce the tax burden, eliminate administrative obstacles, improve the legislative framework, protect the rights and interests of investors, and ensure the inviolability of property.

Touching upon the fruitful cooperation carried out through the Azerbaijan-Uzbekistan Investment Fund, whose authorized capital is $500 million, Asadov noted that a number of promising projects covering various areas are being considered through the fund today.

In conclusion, confidence was expressed that the Tashkent International Investment Forum will continue to play an important role as a platform for strengthening cooperation in the investment field.