BAKU, Azerbaijan, Aug.5
By Sadraddin Aghjayev - Trend:
Some 195 enterprises with Azerbaijani capital operate in Uzbekistan, of which 69 are joint ventures, Trend reports citing the press service of the country’s Ministry of Investments and Foreign Trade.
According to the ministry, the value of direct foreign investments in the fixed capital from Azerbaijan in Uzbekistan amounted to more than $320,000 in 2020.
Besides, the ministry noted that in 2020, imports of goods and services from Azerbaijan to Uzbekistan grew by 36 percent compared to 2019.
"Significant volume of the imports falls on non-food raw materials of production targets - 35 percent, food products - 23 percent and petroleum products - 14 percent. Supplies of vehicles and transport equipment for the specified period contracted by 57 percent,” the ministry said adding that in the first five months of 2021, imports from Azerbaijan remained at the level of the same period in 2020.
"The largest share in the volume of imports from Azerbaijan accounted for non-food raw materials - 44 percent, food and industrial goods - by 19 percent each of the positions. At the same time, the import of non-food raw materials decreased by 32 percent,” the ministry further noted.
“Food supplies grew by three times, and industrial goods – by four times. From January through May 2021, the share of Azerbaijani goods and services in the total volume of imports in Uzbekistan has made up 0.2 percent, while in the late 2020 this figure was at the level of 0.1 percent," concluded the ministry.
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