BAKU, Azerbaijan, January 26. During a meeting
with Israeli Foreign Minister Gideon Sa'ar and at the
Azerbaijan-Israel Business Forum in Baku, discussions centered on
the expansion of economic relations and the exploration of new
partnership opportunities between the two nations, Trend reports via the
Ministry of Economy.
Additionally, Economy Minister Mikayil Jabbarov held a meeting
with Israeli Foreign Minister Gideon Sa'ar, during which the
growing pace of economic cooperation between Azerbaijan and Israel
was highlighted. Both sides acknowledged the significant potential
for further strengthening bilateral collaboration across various
sectors.
Discussions focused on enhancing the legal framework for
economic cooperation, increasing trade turnover, and exploring
opportunities in industries such as agriculture, energy, high
technology, and more. The status of ongoing joint investment
projects was also reviewed.
The Azerbaijan-Israel Business Forum was subsequently held in
Baku, attracting over 100 representatives from companies spanning a
wide array of industries, including pharmaceuticals, construction,
technology, water supply and sanitation, transport, cybersecurity,
banking, tourism, and others.
During the forum, Minister Mikayil Jabbarov emphasized that the
partnership between the countries is grounded in mutual trust, with
high-level exchanges playing a pivotal role in advancing bilateral
relations. He also noted that the recent discussions between the
presidents of Azerbaijan and Israel at the World Economic Forum in
Davos further cemented the shared commitment to deepening their
cooperation.
A mutually beneficial partnership has been formed with Israel in
a wide range of areas. At the same time, there are broad
opportunities for developing cooperation between our countries in
energy, trade, investment, agriculture, pharmaceuticals, transport,
and other areas.
The Minister of Economy provided information about Azerbaijan's
attractive investment climate and the opportunities created for
investors, and expressed confidence that the discussions held at
the forum will contribute to the implementation of new initiatives
and the deepening of business ties.
Israeli Foreign Minister Gideon Sa'ar highly appreciated the
dynamic development of Azerbaijani-Israeli relations and noted the
importance of expanding direct contacts between business circles.
The importance of regular dialogue and increasing the number of
joint projects to further deepen economic ties was emphasized.
AZPROMO Executive Director Yusif Abdullayev noted the
contribution of events and business ties to the development of
economic cooperation with Israel and shared his thoughts on
business partnerships.
At the event, representatives of the Alat Free Economic Zone,
the Economic Zones Development Agency, and AZPROMO presented
reports on Azerbaijan's role as a strategic business center in the
Caspian region and our country's investment potential.
A memorandum of understanding was signed between the National
Confederation of Entrepreneurs (Employers) Organizations of the
Republic of Azerbaijan and the Israeli Manufacturers
Association.
