BAKU, Azerbaijan, December 20. On December 20,
Minister of Finance and Co-Chairman of the Joint Commission on
Economic Cooperation between the Governments of Azerbaijan and
Montenegro Sahil Babayev met with a delegation led by Ervin
Ibrahimović, Deputy Prime Minister and Minister of Foreign Affairs
of Montenegro, who is visiting Azerbaijan, Trend reports with
reference the Azerbaijan's Ministry of Finance.
It was emphasized at the meeting that relations between
Azerbaijan and Montenegro are based on the principles of
friendship, mutual respect and partnership, and that these
relations are built on the solid foundation of the Declaration of
Friendship and Partnership signed during the official visit of
President Ilham Aliyev to Montenegro in 2013.
S. Babayev noted the role of the Joint Commission on Economic
Cooperation in the development of bilateral relations between
Azerbaijan and Montenegro, stating that this mechanism is an
important platform for transforming political will into concrete
economic results. It was noted that the agenda of the next meeting
of the Joint Commission, scheduled for March 2026, will cover a
wide range of issues related to trade diversification, investment
in the non-oil sector, cooperation in the areas of green energy,
tourism, infrastructure, and small and medium-sized businesses.
Trade and investment issues were also discussed at the meeting,
and Montenegrin companies were invited to take advantage of
investment opportunities in industrial zones and other priority
areas of Azerbaijan.
In turn, E. Ibrahimovic stated that Montenegro attaches great
importance to the development of relations with Azerbaijan, noting
that political dialogue and high-level contacts play an important
role in deepening bilateral relations. He emphasized that there is
favorable potential for expanding cooperation in the economic,
energy, tourism and humanitarian spheres.
An exchange of views took place on issues of mutual interest
during the meeting.
