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Rufat Gambarov, Country Director at Synergy Consulting, Inc., shares his insights on \u201cTreaty on Eternal Friendship between Azerbaijan and Uzbekistan – new growth opportunities for Azerbaijan<\/strong>.\u201d<\/p>\n The recent signing of the Treaty on Eternal Friendship between Azerbaijan and Uzbekistan<\/strong>\u00a0could mark the beginning of a much deeper economic relationship. The two countries have set an objective of increasing bilateral trade turnover to $1 billion by 2030.<\/strong><\/p>\n Ambitious\u2014but I believe the bigger opportunity is to go beyond trade and build a joint investment and production corridor.<\/strong><\/p>\n The two economies are highly complementary. Uzbekistan brings scale and growth.<\/strong> With around 38 million people, its domestic market is almost four times larger than Azerbaijan’s. Real GDP grew 8.5% in H1 2026<\/strong>, while fixed-capital investment reached around $28 billion, up 17.5% year-on-year.<\/p>\n Azerbaijan brings capital, connectivity and infrastructure.<\/strong> Its financial buffers, strategic Caspian location and established transport links give it a strong platform to connect Central Asia with T\u00fcrkiye and European markets.<\/p>\n This is where the Middle Corridor<\/strong> becomes much more than a transit route. It can become the backbone of an Azerbaijan-Uzbekistan investment corridor:<\/strong><\/p>\n The financial dimension is the key over here. Azerbaijan can use its sovereign financial strength not simply to finance projects directly, but to crowd in private capital<\/strong> through co-investment, guarantees, project finance and investment partnerships.<\/p>\n For Uzbekistan, this means greater access to capital and markets. For Azerbaijan, it means leveraging its balance sheet, infrastructure and geography to participate in one of Central Asia’s fastest-growing economies.<\/p>\n So the real opportunity may be much bigger than the $1 billion trade target.<\/strong> Trade can be the starting point. Investment, infrastructure and industrial cooperation can be the multiplier.<\/p>\n That is how Azerbaijan and Uzbekistan can create a genuine win-win economic corridor\u2014and turn the Middle Corridor into a platform for regional growth, not just transit.<\/strong><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Rufat Gambarov, Country Director at Synergy Consulting, Inc., shares his insights on \u201cTreaty on Eternal Friendship between Azerbaijan and Uzbekistan – new growth opportunities for Azerbaijan.\u201d The recent signing of the Treaty on Eternal Friendship between Azerbaijan and Uzbekistan\u00a0could mark the beginning of a much deeper economic relationship. The two countries have set an objective […]<\/p>\n","protected":false},"author":10,"featured_media":9421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-9422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-knowledge"],"acf":[],"yoast_head":"\n\n