"On the eve of our meeting, a fruitful business forum was held, a package of investment agreements and trade contracts worth over half a billion dollars was signed. These include promising projects in the oil and gas, petrochemical industries, energy, pharmaceuticals, building materials, wine, food, textiles, and jewelry," President of the Republic of Uzbekistan Shavkat Mirziyoyev stated during a meeting with President of the Republic of Azerbaijan Ilham Aliyev in an expanded format, APA reports.
Uzbek President said there are opportunities to implement projects on the basis of the Alat Free Economic Zone with subsequent entry into the EU markets: "We have also agreed that a joint investment fund would be created to promote the projects, and a meeting of the intergovernmental commission would be held next month to take policy measures to accelerate decisions.
Dear members of the delegation, our cooperation in the field of transport and communications is of a strategic nature. We intend to further increase cargo transportation using Azerbaijan's modern transport network, including the Baku-Tbilisi-Kars railway. This is especially true for the transit of food and industrial goods."