Uzbekistan-Azerbaijan trade turnover rises 26-fold to $795 million

AI digestMimile.ai EditorialAugust 23, 2026 at 03:45 PM

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Uzbekistan-Azerbaijan trade turnover rises 26-fold to $795 million

The IV Uzbekistan-Azerbaijan Regions Forum took place in Tashkent with about 420 companies participating. Trade turnover between the two countries increased 26-fold over the past decade to $795 million in 2025. The total portfolio of investment and trade projects exceeded $10 billion.

Key Facts

The IV Uzbekistan-Azerbaijan Regions Forum was held in Tashkent with about 420 companies participating.
Trade turnover between Uzbekistan and Azerbaijan increased 26-fold over the past decade to $795 million in 2025.
The total portfolio of investment and trade projects between the two countries exceeded $10 billion.
Participants proposed forming joint action plans for 2026–2027.

Forum Participants

The forum was attended by Uzbekistan's Minister of Investment, Industry and Trade Laziz Kudratov and Azerbaijan's Minister of Economy Mikayil Jabbarov. About 420 companies, regional leaders, and business representatives from both countries took part in the event.

Cooperation Priorities

Participants focused on expanding interregional and business cooperation. Priority areas included industry and deep processing of raw materials, agro-industrial complex, textile industry, tourism, territorial development, trade, and logistics. The sides discussed creating full value-added chains and localizing new production facilities. They also considered using the potential of the Middle Corridor to access European markets.

Bilateral Meetings

The practical part of the forum continued with bilateral meetings in B2B and G2B formats. Representatives of regions, government agencies, and businesses discussed specific projects and further steps for cooperation development. Following the forum, participants proposed forming joint action plans for 2026–2027. The agreements reached were formalized through the exchange of bilateral documents.

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Uzbekistan-Azerbaijan trade turnover rises 26-fold to $795 million

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UzDaily

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Uzbekistan-Azerbaijan trade turnover rises 26-fold to $795 million

Key Facts

Forum Participants

Cooperation Priorities

Bilateral Meetings

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