Azerbaijan and Uzbekistan have inked an intergovernmental agreement on establishing a Joint Investment Fund for $500mn in the context of the first Uzbek-Azerbaijani inter-regional forum in Tashkent, media reports. Reportedly, this step would boost trade and economic relations, increase foreign trade turnover, and enhance cooperation in the industrial sector.
At the intergovernmental agreement signing ceremony, Azerbaijan’s Economy Minister Mikayil Jabbarov noted that this investment fund is a landmark since Azerbaijan hasn’t established funds of such a scale before. The minister announced Azerbaijan's plans to increase investments in the newly established fund.
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