SHUSHA, Azerbaijan, July 2. Uzbekistan is interested in cooperation with Azerbaijan in the field of agro-industrial complex, Chairman of the Chamber of Commerce and Industry (CCI) of Uzbekistan Davron Vakhabov told reporters on the sidelines of the 6th ECO Business Forum on the topic "Investment and Trade Promotion as a Catalyst for Sustainable Development in the ECO Region," Trend's special correspondent sent to Shusha reports.
According to him, the Azerbaijani administration has expressed a vested interest in collaborative ventures within this domain.
"We recently engaged in discussions with the executive
leadership of Azerbaijan's Small and Medium Business Development
Agency (KOBIA) and proposed the strategic integration of seasoned
and proficient agriculturalists on an individual basis to
operationalize a collaborative initiative in this locale. For
instance, in terms of equilibrium: 50 to 50. Uzbekistan is poised
to allocate capital and ensure procurement of domestically
cultivable commodities—specifically those that are currently in
deficit," he elucidated.
Vakhabov articulated a keen interest in the cultivation of
agronomic products in Shusha, emphasizing that the locale possesses
optimal conditions conducive to the implementation of agricultural
initiatives.
It was observed that the demographic landscape of Uzbekistan
encompasses a population of approximately 38 million individuals.
The importation of alimentary goods and consumables totals
approximately $6 billion, which, as he posits, constitutes a
substantial market segment.
"There will be engagement from both parties—from Azerbaijan and
Uzbekistan." Moreover, there will be a reduction in logistical
expenditures. Currently, we are facilitating export operations via
Azerbaijan to the European market; however, the import throughput
remains suboptimal. This escalates the expenditure associated with
the procurement of imported commodities. "Achieving a harmonized
turnover will enable entrepreneurs to optimize logistics
expenditures, thereby positively influencing production cost
dynamics," Vakhabov elaborated.
Besides, according to him, Uzbekistan is interested in SOCAR's experience and joint projects in the petrochemical industry, as well as cooperation in the tourism and jewelry industries.
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