OREANDA-NEWS. October 08, 2010. The session of the Uzbekistan-Azerbaijan intergovernmental joint commission on cooperation took place in Tashkent.

Representatives of ministries and companies related to foreign economic relations, trade, investments, science, IT, tourism, transport and agriculture participated in the session.

The delegations of the two countries considered issues of increasing mutual trade and the number of joint ventures in various sectors, UzA reported. They also touched upon issues of cooperation in the banking and finance, small business and other areas.

Uzbekistan and Azerbaijan have huge potential to develop trade and economic ties, the members of the commission said. More than 30 joint ventures with Azerbaijani capital operate in Uzbekistan.

They work in sectors like energy, light industry, machinery building, metals processing, insurance, science and education, food industry, construction and others.