Azerbaijan, Turkmenistan, Uzbekistan to establish joint ventures to boost trade

Azerbaijan, Turkmenistan, and Uzbekistan aim to strengthen trade and economic cooperation based on the principles of equality, mutual benefit, and respect for each other’s interests, according to a joint declaration adopted by Azerbaijani President Ilham Aliyev, Uzbek President Shavkat Mirziyoyev, and Chairman of Turkmenistan’s Halk Maslakhaty Gurbanguly Berdimuhamedov following a trilateral summit held on August 22 in Turkmenbashi, Report informs.

The declaration, published by Turkmenistan’s Ministry of Foreign Affairs, noted a shared view among the parties on the need to create favorable conditions for the further development of economic cooperation between the three states.

In this context, the leaders agreed to promote direct ties between their countries’ business communities by organizing exhibitions and business forums across their territories.

They also expressed support for intensifying practical efforts to enhance transport connectivity and to develop and implement joint projects that serve the interests of their nations.

Special emphasis was placed on expanding production and industrial cooperation. The three leaders reached an agreement to pursue long-term, mutually beneficial partnerships through the establishment of joint ventures in the textile, chemical, construction, and other industrial sectors.