BAKU, Azerbaijan, February 12. The current
state of Azerbaijan's economic cooperation with Israel and the
U.S., as well as the strengthening of partnerships with these
countries, was discussed during the meeting of First Deputy
Minister of Economy of Azerbaijan Elnur Aliyev with a delegation
led by Betsy Burns Korn, Chairperson of the Conference of
Presidents of Major American Jewish Organizations, Trend reports via the
Ministry of Economy.
The meeting shed light on Azerbaijan’s economic indicators and
the promising landscape for business and investment, along with the
energy and transport routes that the country has embarked upon and
engaged in.
As discussed at the meeting, Azerbaijan has taken advantage of
its advantageous location to create a business-friendly climate by
instituting economic zones, tax incentives, and a state-of-the-art
customs system. Priority investment areas include renewable energy,
digitalization, innovation and green technologies, transport and
transit, logistics, and high-value-added manufacturing sectors.
The meeting highlighted that Azerbaijan acts as a reliable
partner in ensuring the region’s energy security. Through its
diversified oil and gas pipeline system connecting the Caspian
region to international markets, Azerbaijan’s strategic role
creates broad opportunities for strengthening regional
connectivity.
Additionally, the meeting briefed that, thanks to large-scale
investments in modern transport infrastructure, Azerbaijan has
become a key transport and logistics hub across Eurasia. The
Baku–Tbilisi–Kars railway, the Baku International Sea Trade Port,
the Baku Shipyard, modern logistics and air cargo terminals, nine
international airports, and the upgraded road network further
strengthen the country’s role in regional and global supply
chains.
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