NEWS

Talks between Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan Jamshid Khodjaev and the head of the EU Delegation, Ambassador Charlotte Adriaen were held.
They discussed the current state and prospects for the development of trade, economic, financial and technical cooperation, as well as interaction within the framework of Uzbekistan’s entry into the World Trade Organization at the meeting.
Obtaining the status of a GSP+ beneficiary by Uzbekistan made it possible to increase the trade turnover between Uzbekistan and the EU member states by 15% (to $2.4 billion) in the period from January to July 2022. Mutual readiness to maintain and extend these relations was expressed by the parties.
According to the sides, a new impetus to further expand bilateral relations and improve economic development will be given by the Enhanced Partnership and Cooperation Agreement between Uzbekistan and the EU and attracting European investment and experience in such areas as technical regulation, sanitary and phytosanitary measures, protection of intellectual property rights, customs regulation and more.
The participants also discussed the course of interaction within the framework of Uzbekistan’s accession to the WTO at the meeting. The commitment to continue providing technical and advisory support in this process was expressed by European side.
The new Indicative EU Partnership Program with Uzbekistan for 2021-2024 was discussed by the parties. Supplementary projects and initiatives in the field of modernization of agriculture and water management, economic development with a special focus on digital and green transformations and measures to transform the Aral Sea region into a zone of environmental innovation and technology were proposed.
An agreement to continue cooperation within the framework of the discussed initiatives and organize bilateral events at various levels in the near future was reached by the sides following the meeting.

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Parviz Shahbazov, the Minister of Energy of Azerbaijan and Azim Akhmedkhadzhaev, the First Deputy Minister of Energy of Uzbekistan (Acting Minister), met together in order to accelerate the processes related to the development of the Azerbaijan-Uzbekistan energy cooperation.
Ensuring the implementation of agreements on cooperation in the field of energy and the instructions during the visit of the head of state to Uzbekistan in June this year were discussed at the meeting.
According to minister of Energy Parviz Shahbazov, it is very important to mutually assess wide opportunities for energy cooperation and to establish joint partnerships in the period of new realities, where the basis for the comprehensive development of relations between the two countries with common historical and cultural values is laid. As the minister noted, the deepening of the strategic partnership in the energy sector was actualized by the historic state visit of the President of Azerbaijan to Uzbekistan. The two relevant ministries of the two countries signed the Memorandum of Understanding and the road map of the joint activities on energy in Tashkent. The implementation of results-oriented measures and the development of multi-spectrum energy cooperation will be contributed to by today’s discussions.
According to Azim Akhmedkhadzhaev, there are important tasks ahead in the new stage of bilateral cooperation in the energy sector, and Uzbek and Azerbaijani experts have valuable experience in the renewable energy and hydrocarbon sector. The development of the energy sector and the economy in general in both countries will be pushed forward by the traditional friendly relations of the two countries and joint efforts.
The ministers signed a roadmap on expanding of the energy cooperation between the Republic of Azerbaijan and the Republic of Uzbekistan during the meeting. 30 areas are covered by the roadmap, such as the creation of a joint working group, cooperation in the liberated territories of the Republic of Azerbaijan, the participation of Uzbek companies in renewable energy projects, as well as joint activities in the hydrocarbon sector. The document announces cooperation between Azerbaijan and Uzbekistan on export and import of oil and gas and chemical products, oil refining, as well as geological exploration and hydrocarbon production, along with the energy transition and decarbonization. The exchange of the best experiences in the fields of construction of new thermal power plants, heat supply, liberalization of energy markets, efficient use of energy resources, organize joint trainings, as well as promotion of mutual investments, and cooperation between Energy Regulatory Agencies at the expense of private investment are planned.
The implementation of measures on the roadmap is previewed for 2022-2023.

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