Azerbaijan and Uzbekistan are setting an ambitious but increasingly realistic economic target, raising bilateral trade to $1 billion by 2030. At first glance, the figure may appear to be simply another trade objective announced by two governments. In reality, however, the target could become part of a much broader transformation in economic relations between the South Caucasus and Central Asia.

The current trade figures show that momentum already exists, with bilateral trade reaching $307.3 million in 2025, representing a 14.6 per cent increase from the previous year. Besides, during the first six months of 2026, trade reached $170.3 million, up 30.8 per cent year on year. If this growth continues and is supported by new investment and business projects, the $1 billion target could become more than a diplomatic aspiration.

The most important aspect of the new initiative is that Azerbaijan and Uzbekistan are not focusing exclusively on increasing the exchange of goods. Their discussions also emphasise investment cooperation, business-to-business contacts and regional partnerships. This is significant because sustainable trade growth usually depends on the development of........

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