In Tashkent, Uzbekistan and Azerbaijan held the 15th meeting of the Intergovernmental Commission on Cooperation and the Business Council, during which a new agreement covering investment, industrial cooperation, and mineral resource development was signed.
Representatives of state bodies and leading business circles from both countries took part in the meeting. The main goal of the discussions was to expand trade and economic interaction, as well as strengthen investment and industrial partnership.
Participants noted a significant growth in bilateral trade, which reached almost 40% between January and May 2026. The parties confirmed their common goal of increasing annual trade turnover to 1 billion US dollars.
During the council, the progress of joint projects in areas such as geological exploration, precious metal mining, textile industry, tourism, and urban development was reviewed. Additionally, initiatives in the pharmaceutical, electrical engineering, and food sectors, as well as the production of building materials, were discussed.
Special attention was paid to strengthening interregional cooperation and preparing for the fourth Uzbekistan-Azerbaijan Interregional Forum, scheduled for August. The parties also discussed expanding the portfolio of projects managed by the joint investment company. At the end of the meeting, the protocol of the 15th session of the Intergovernmental Commission, as well as a package of bilateral agreements concerning investment, financing, industrial cooperation, geological exploration, and mineral exploitation, were signed.
The Minister of Investments, Industry and Trade of Uzbekistan, Laziz Kudratlov, held a meeting with the Ambassador of Kuwait to Uzbekistan, Turki Khalid Hamad Al-Mikrad, on July 14, 2026.
During the negotiations, both sides focused on the further development of trade, economic, and investment interaction, as well as the implementation of new joint projects.
Officials reviewed ways to increase bilateral trade, promote Uzbek products in the Kuwaiti market, organize business missions and exhibitions, and strengthen ties between the business communities of the two countries.
The meeting identified promising areas for cooperation, including the banking and financial sector, agriculture, healthcare, pharmaceuticals, industry, and services. Special attention was paid to interaction with the Kuwait Fund for Arab Economic Development regarding the financing of infrastructure and logistics projects.
Furthermore, the parties discussed preparations for holding an Uzbek-Kuwaiti business forum and activating the work of the Intergovernmental Commission. The third meeting of this commission is scheduled to take place in Uzbekistan in the autumn of 2026.
