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    World

    Trade in agro-food products between Uzbekistan and Azerbaijan increases by almost five-fold over five years

    Trade in agro-food products between Uzbekistan and Azerbaijan increases by almost five-fold over five years

    The Institute of Macroeconomic and Regional Studies analyzed the agricultural trade between Uzbekistan and Azerbaijan. The results reveal that the trade turnover of agro-food products between the two countries has increased almost five-fold over the past five years, amounting to $40.8mn in 2022. Azerbaijan ranks 9th in export and 33rd in import of agricultural products from Uzbekistan.

    In July 2022, the Ministers of Agriculture of Azerbaijan and Uzbekistan signed a Roadmap for cooperation in the farm sector during the first meeting of the Ministers of Agriculture of the Organization of Turkic States.

    The Roadmap aims to enhance cooperation in areas such as agricultural insurance, digitalization, state support, and joint ventures in sericulture. The two countries also collaborate on cultivating hazelnuts, seedless pomegranates, silkworm cocoons, and cotton.

    The successful implementation of the first electronic transportation of dried and fresh fruits from Tashkent to Baku airport via the International Road Transport System (eTIR) in 2023 is a testament to the growing cooperation. 

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    16.08.2023, 08:40   Comments (0)   1117
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