BAKU, Azerbaijan, June 8. Prospects for
cooperation between Azerbaijani and Pakistani companies were
discussed, Trend
reports, citing the Agency for the Promotion of Exports and
Investments (AZPROMO).


The discussion took place at AZPROMO during a meeting with a
Pakistani delegation visiting Azerbaijan. At the meeting,
information was provided on Azerbaijan’s investment climate, the
infrastructure developed in economic zones, incentives for
investors, and the Agency’s activities.


The parties assessed potential areas of partnership in
industrial infrastructure, the textile and garment industry, retail
trade, the food industry, medical technologies, medical tourism,
and real estate, and agreed to exchange information. The Pakistani
side was also invited to participate in the 2nd Azerbaijan
International Investment Forum, which is scheduled to take place in
Baku this September.


Meanwhile, economic and political cooperation between Azerbaijan
and Pakistan has been steadily expanding in recent years. The
strategic partnership that has developed between the two countries
creates conditions for new opportunities for cooperation in various
fields, based on mutual trust and support.


For instance, a while back, Azerbaijan's Minister of Economy
Mikayil Jabbarov met with Maryam Nawaz Sharif, Chief Minister of
the Punjab Province of the Islamic Republic of Pakistan, on the
sidelines of the World Urban Forum (WUF13).







The meeting noted with satisfaction the existing strategic
partnership between Azerbaijan and Pakistan, as well as the high
level of political dialogue between the two nations and the stable
development of cooperation based on mutual trust. The parties noted
that Azerbaijani-Pakistani relations also hold great potential in
the economic sphere.


Discussions focused on fully realizing the potential for
economic cooperation, promoting mutual investment, and expanding
ties between business communities. The parties emphasized the
importance of strengthening joint activities in trade, energy,
industry, transport, and other areas.


The parties noted that the Preferential Trade Agreement plays an
important role in expanding economic ties and business cooperation
between the two countries. It was emphasized that the agreement
contributes to strengthening ties between economic entities,
increasing trade volume, and developing new areas of
cooperation.