WASHINGTON, U.S., March 10. More than 200 U.S.
companies operating successfully in Azerbaijan, Elnur Aliyev, First
Deputy Minister of Economy of the Republic of Azerbaijan, said,
Trend's special
corespondent reports.
He made the remarks during the U.S.-Azerbaijan Trade and
Business Conference, dedicated to the 30th anniversary of the
U.S.-Azerbaijan Chamber of Commerce (USACC).
“30 years ago, American companies played a foundational role in
the development of Azerbaijan's energy sector. Today, we have an
opportunity to write the next chapter of our partnership, expanding
our cooperation from energy into technology, infrastructure,
logistics, industrial development, and digital transformation.
Our objective is clear, to translate the strong political
momentum between our countries into concrete, investment projects,
deeper economic cooperation, and long-term strategic partnership.
Recent months have brought significant acceleration in
Azerbaijan-U.S. relations. President Ilham Aliyev's visit to
Washington in August 2025 opened a new stage in our cooperation,”
said Aliyev.
He pointed out that despite the depth of the U.S.-Azerbaijan
cooperation, the current level of economic engagement still doesn't
fully reflect the potential between the two nations.
“Last year, bilateral trade reached approximately $1.6 billion
USD, and more than 200 U.S. companies are operating successfully in
Azerbaijan. U.S. foreign direct investments in Azerbaijan has to
date totaled nearly $19 billion, demonstrating that the constant
American expertise, technology, and investment could play an
important role in unlocking this potential,” he added.
