BAKU, Azerbaijan, May 5. The issue of
Azerbaijan's possible membership in the Shanghai Cooperation
Organization Development Bank is being considered, Trend reports via the
Ministry of Finance.
The meeting of Deputy Minister of Finance Himalay Mamishov with
representatives of the Ministry of Finance of China within the
framework of the third day of the Annual Meeting of the Asian
Development Bank (ADB) held in Samarkand, Uzbekistan, highly
appreciated the dynamic development of relations between Azerbaijan
and China, and emphasized that bilateral relations are based on
political trust, as well as increasing cooperation in the fields of
energy, transport and digital transformation.
The meeting noted that Azerbaijan is interested in further
strengthening its partnership with China both within bilateral and
multilateral platforms, including within the ADB. At the same time,
Azerbaijan's commitment to strengthening transport and logistics
links in the region, sustainable development, and regional
integration agenda was once again expressed.
Besides, the meeting underscored that the more active
participation of Chinese companies in Azerbaijani industrial zones,
the expansion of cooperation opportunities in the fields of
manufacturing and green technologies, digital economy, and
logistics meet the strategic interests of Azerbaijan, and the
importance of implementing partnership projects in this
direction.
Mamishov pointed out that China is one of Azerbaijan's main
trade partners. He said that there is great potential for further
expansion of economic and trade cooperation between Azerbaijan and
China. The official noted that diversification of exports and
increasing trade turnover in the non-oil sector in particular rank
among the main directions of development of mutual relations.
The Chinese side requested consideration of the issue of
Azerbaijan's possible membership in the Shanghai Cooperation
Organization Development Bank.
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