BAKU, Azerbaijan, September 27. Uzbekistan and Azerbaijan mentioned the trade of further types of bilateral permits for 2023 and the quota of forms of permits to be exchanged in 2024, Trend stories. The corresponding settlement was reached on the on-line assembly of the Uzbek-Azerbaijani joint fee on worldwide highway transport.
During the assembly, the individuals mentioned the present state of worldwide highway transport between the 2 states, the issues confronted by the nationwide carriers of the 2 international locations and methods to unravel them, and revised the quota for the deduction of allow kinds.
Moreover, three forms of permits (transit, bilateral, and trilateral) will likely be launched between the international locations beginning in 2024. Trade turnover between Azerbaijan and Uzbekistan reached $188 million within the first six months of 2023, which is 63 p.c extra than in the identical interval final yr.
Furthermore, the 2 international locations plan to create a joint funding fund and improve commerce turnover to $1 billion over the subsequent few years. As of at the moment, 5 tasks totaling $700 million, together with the improvement of logistics and transportation infrastructure, are additionally being applied between the international locations.
Source: BUSINESS LEND
