On February 23, President Shavkat Mirziyoyev received the Minister of Economy of Azerbaijan, co-chairman of the bilateral intergovernmental commission Mikail Dzhabbarov, the president's press office informs.
The minister arrived to participate in the first meeting of the joint forum of the regions and the meeting of the business council.
The sides with particular satisfaction noted the progress in the implementation of cooperation projects in the automotive, textile industry and sericulture. An agreement was signed on the creation of a joint investment fund. Promising projects are being prepared in the oil and gas sector, transport, and logistics. The importance of increasing and enhancing cooperation between the two states was also mentioned.
In December last year, the governments of both states reached an agreement to ramp up the volume of mutual trade to $1 billion over the next 5 years.
In January-November 2022, bilateral trade between both countries comprised $162.2 million, going up 36.5% compared to the previous year.
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