Azerbaijan, Uzbekistan Agree To Create Joint Investment Fund
Sumaira FH Published February 24, 2023 | 07:56 PM
Azerbaijan and Uzbekistan signed a pact on Friday that will see them set up a joint investment fund with an initial capital of $500 million, in a bid to bolster trade and create jobs
TASHKENT (UrduPoint News / Sputnik - 24th February, 2023) Azerbaijan and Uzbekistan signed a pact on Friday that will see them set up a joint investment fund with an initial capital of $500 million, in a bid to bolster trade and create jobs.
The deal was signed in the Uzbek capital of Tashkent by Uzbekistan's Trade and Investment Minister, Laziz Kudratov, and visiting Azerbaijani Economy Minister Mikayil Jabbarov.
"Paragraphs contained in the document serve to increase investment and trade turnover between our countries and to strengthen economic cooperation," Jabbarov said on social media.
The Azerbaijani minister said the fund's capital would be increased gradually to accommodate the growing number of joint projects. The Central Asian neighbors agreed in summer to cooperate closely in such areas as oil and gas, textile and chemical manufacturing, and agriculture.
Related Topics
Recent Stories
Boeing passenger plane exits runway in Senegal injuring 11
PML-N ulema wing stresses punishment to May-9 culprits
No reprieve for perpetrators of May 9 arson attacks: PM
Punjab governor terms May 9 dark chapter in country’s history
Nadal squeezes past qualifier Bergs in Rome opener
Federal Minister for Economic Affairs, Ahad Khan Cheema chairs meeting with EDCF ..
Jinnah House attack: ATC grants bail to 7 accused
Under women empowerment plan, 1,600 lady cops recruited: IGP
All possible relief being provided to police personnel
IG Punjab provides house to family of another martyr
Commissioner Sukkur distributes gifts, flowers among thalassemia patients
Pakistan eyes green energy, technology cooperation with China in CPEC 2nd phase
More Stories From World
-
Boeing passenger plane exits runway in Senegal injuring 11
4 minutes ago -
Pakistan eyes green energy, technology cooperation with China in CPEC 2nd phase
8 minutes ago -
Charities warns Italy's ban on NGO planes risks lives
8 minutes ago -
Israel hits Rafah despite US warning on arms transfers
8 minutes ago -
Boeing plane leaves runway in Senegal injuring 11
7 minutes ago -
Israel says Biden threat to stop arms 'very disappointing'
7 minutes ago
-
Marquez eyes French MotoGP victory but plays down title talk
2 hours ago -
Football: French Ligue 1 table
2 hours ago -
Football: French Ligue 1 table
3 hours ago -
Spanish court shelves Shakira tax fraud case
3 hours ago -
North Africa football fans use stadium freedoms to back Palestinians
4 hours ago -
Rafah struck after Biden warning on arms transfers
4 hours ago