BAKU, Azerbaijan, September 15. Azerbaijan and
Uzbekistan have significant potential to develop joint production
and establish an industrial alliance, the Director and Co-founder
of the CASPIA Analytical Center, Orkhan Yolchuyev said, Trend's correspondent reports
from the event.
He made the remarks at the presentation of the
Azerbaijan-Uzbekistan Business Barometer initiative.
According to him, one promising model of cooperation could be to
combine the production capabilities of the two countries and
manufacture joint products. Yolchuyev noted that the idea of
creating a common industrial alliance had previously been discussed
at the regional level.
He said that further development of economic ties requires
moving from assessing trade volumes to evaluating the quality of
interaction between companies. "We have reached the point where we
need to examine how easy it is for businesses to find partners and
launch joint projects," Yolchuyev said.
Yolchuyev stressed the need to identify mechanisms that would
allow political agreements between the two countries to be
translated into concrete investment projects.
According to the CASPIA head, these issues should be taken into
account as part of the Azerbaijan-Uzbekistan Business Barometer,
which is being developed jointly by CASPIA and Uzbekistan’s Center
for Progressive Reforms.
Moreover, he noted that the platform will focus not only on
analyzing trade indicators, but also on identifying practical
opportunities for businesses, including finding partners and
launching joint projects.
