BAKU, Azerbaijan, December 23. Azerbaijan's
non-oil exports have doubled over the past six years, Deputy
Minister of Economy Samad Bashirli said at the 2nd
Azerbaijan-Türkiye Investment Forum being held in Baku, Trend reports.
According to him, the consistent socio-economic reforms
implemented in Azerbaijan and active integration into the global
economy have created broad and favorable opportunities for business
activity in the country.
He noted that as a result of the diversification of the economy
and the development of the non-oil and gas sector as a priority,
export potential has expanded significantly.
"Non-oil exports have doubled over the past six years,
indicating the rise in our country's competitiveness. Joint
projects are being implemented in the green energy, agriculture,
industry, transport and logistics, digitalization, tourism, and
other sectors with the active participation of foreign investors.
These results indicate that there is a wide potential for further
deepening trade and investment cooperation with international
partners, implementing new joint projects and developing long-term
economic partnerships," Bashirli explained.
The deputy minister emphasized that, amid the continuous
positive trends observed in the country's economy, our credit
rating has grown and our country's sovereign credit rating has been
upgraded to investment grade by two leading international rating
agencies (Fitch Ratings in 2024 and Moody's Ratings in 2025).
"These important results are a clear indicator of the growing
confidence of international financial markets in Azerbaijan's
macroeconomic stability, fiscal sustainability, and sustainability
of institutional reforms and make our country more attractive for
long-term investments," he added.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
