BAKU, Azerbaijan, August 27. Uzbek Uzavtosanoat JSC expands cooperation with Azerbaijan,Trend reports via Uzbek media outlets.
This was discussed at a meeting between the Chairman of the Board of Uzavtosanoat JSC Shavkat Umurzakov, the Adviser to the Minister of Economy of Azerbaijan Samad Bashirli and the Vice President for Global Procurement and Supply Chain of GM International Johnny Saldanha.
During the meeting, special attention was paid to discussing the issues of the current state and prospects for the further development of Uzbek-Azerbaijani cooperation in the automotive industry.
In particular, an agreement was signed between Uzavtosanoat JSC and the Automobile Industry Association of Azerbaijan to study the in-depth localization of cars in Azerbaijan.
As a result of the successful cooperation of the parties on the implementation of the UzAuto CKD project in Azerbaijan, it has led to a twelve-fold increase in production volumes this year.
The increase in volumes naturally led to mutual interest in the further development of modern high-tech car production using the full cycle method (CKD) with in-depth localization.