BAKU, Azerbaijan, June 21. Azerbaijan's Small and Medium Business Development Agency (SMBDA) is holding meetings with local and foreign businessmen to expand ties and implement new business initiatives, the agency told Trend.
As the agency noted, Chairman of SMBDA Management Board Orkhan Mammadov met with Deputy Minister of Economic Development and Poverty Reduction of the Republic of Uzbekistan, Director of the Agency for Mahallabai Work and Entrepreneurship Development Mirzokhid Ubaydullayev.
The sides explored ways for further cooperation and addressed the support provided to SMEs in Azerbaijan.
According to the State Customs Committee (SCC), Azerbaijan's trade with Uzbekistan exceeded $64.78 million from January through May 2022, while in the same period of 2021, this figure amounted to $39.9 million (an increase of 62.26 percent).