BAKU, Azerbaijan, May 8. The development of
economic and trade relations of Azerbaijan with Ethiopia, expansion
of investment cooperation, and partnership opportunities in the
industrial, energy, and agricultural sectors were discussed,
Trend reports via
the Ministry of Economy.
A delegation led by First Deputy Minister of Economy Elnur
Aliyev visited Ethiopia. The meetings held within the framework of
the visit discussed the development of economic and trade
relations, expansion of investment cooperation, and partnership
opportunities in the energy, agricultural, and industrial
sectors.
As part of the visit, First Deputy Minister of Economy Elnur
Aliyev met with Ethiopian Minister of Trade and Regional
Integration Kassahun Gofe. The meeting emphasized the high-level
relations between Azerbaijan and Ethiopia, the importance of
expanding the contractual and legal framework for the development
of economic cooperation, and the formation of institutional
cooperation mechanisms. The importance of organizing mutual
business missions, strengthening ties between business circles, and
investment promotion measures to expand trade and investment
relations was noted.
During the meeting with the Ethiopian Minister of State for
Mines, Birhani Yadesa, opportunities for cooperation in the field
of energy and natural resources, including partnership prospects in
the field of renewable energy, were discussed. Information was
provided on Azerbaijan's experience in the energy sector and its
participation in international projects, and the importance of
exchanging knowledge and experience in this area was
underscored.
The parties exchanged views on cooperation in the field of
industrial zones and logistics. The favorable business and
investment environment created for investors in Azerbaijan, the
liberated territories, the Alat free economic zone, and the
incentives and incentives applied to investors in industrial zones
were highlighted.
The meeting with the African Union Commissioner for Agriculture,
Rural Development, Blue Economy, and Sustainable Environment, Moses
Vilakati, discussed cooperation issues in the field of agriculture
and food security. The importance of exchanging experiences in the
fields of innovative solutions in the agricultural sector,
efficient management of water resources, and sustainable
development of rural areas was emphasized.
The meeting noted that expanding partnerships between small and
medium-sized businesses plays an important role in the development
of economic relations. The parties considered the opportunities for
promoting entrepreneurship, exchanging experiences on the business
environment, and implementing joint projects.
Highlighting the strategic geographical position of Azerbaijan,
the meetings noted that its location at the intersection of
East-West and North-South transport routes creates significant
advantages in terms of expanding regional and international trade
relations. Azerbaijan's modern transport and logistics
infrastructure also opens up new opportunities for the development
of trade relations with African countries.
The parties emphasized that the meetings held within the
framework of the visit will contribute to the expansion of economic
cooperation between Azerbaijan and Ethiopia, as well as the African
Union, and the identification of new partnership directions.
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