Baku, Azerbaijan, Aug. 29
By Fikret Dolukhanov - Trend:
The trade house of Uzbekistan will open in Azerbaijan, Uzbek Ambassador to Azerbaijan Sherzod Fayziyev told Trend Aug. 29.
Fayziyev noted that the issue of opening a trading house is a priority and its solution is currently at the stage of completion.
"We also consider investment cooperation as an equally promising area. Taking this opportunity, I would like to note that today in Uzbekistan, under the leadership of President Shavkat Mirziyoyev, special attention is paid to creating a favorable business environment for foreign investors interested in implementing their projects in our country,” Fayziyev said.
“At the present stage, Uzbekistan has the most favorable conditions for starting a business and investing, I mean not only the steps taken to liberalize the economic sphere, but also the skills and hard work of the Uzbek people," he added.
The presence in the country of 17 free economic zones, as well as 47 industrial zones, which are considered the drivers of the modern economy is important in this context, the ambassador said.
The most favorable preferential conditions for investors have been created and the manufacture of textile, chemical, construction, furniture, food, electrical engineering and other products demanded in the domestic and foreign markets has been set up in their territories, Fayziyev said.
"It is gratifying to note that the emerging conditions for doing business in Uzbekistan have attracted the attention of the business community of Azerbaijan, interested in establishing mutually beneficial relations with partners from Uzbekistan. At present, the Azerbaijani businessmen have begun the practical implementation of projects in the fields of agriculture, construction, ICT, food, etc. I am convinced that soon this trend will continue to grow," he said.
More than 80 enterprises with the participation of Azerbaijani investments, including more than 70 joint ventures are functioning in Uzbekistan, Fayziyev said.
They operate in such areas as trade, engineering, metalworking, finance, energy, services, food and light industry, he said.
"In turn, the representative offices of “Uzbekistan Airways” National Airline Company, “Uzavtoprom” (“Uzavtosanoat”) JSC, which is the leading manufacturer of a wide range of passenger cars under the “Ravon” brand in Uzbekistan, as well as the “Artel” LLC company specializing in the production of high-quality and competitive electrical engineering products in are functioning in the territory of Azerbaijan”, Fayziyev said.
“However, the above statistics on joint ventures and operating companies do not mirror the full potential of our countries. In this regard, we are working on the creation of new joint ventures focused on the production of various types of products", the ambassador concluded.
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