Page 506 - MOE ENGLISH PR REPORT - AUGUST 2024

8/14/24, 2:47 PM UAE and Azerbaijan agree to develop economic partnership in the sectors of entrepreneurship, tourism, new economy, technology, …
UAE and Azerbaijan agree to develop economic

partnership in the sectors of entrepreneurship,

tourism, new economy, technology, innovation and

agriculture

UAE is Azerbaijan’s number one Arab trading partner, accounting for 40% of its trade with the region

Abu Dhabi, 1 August 2024:

The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) for Economic, Trade and
Technical Cooperation between the two countries was held in the Azerbaijani city of Shusha, chaired by H.E.
Abdulla bin Touq Al Marri, Minister of Economy; and his Azerbaijani counterpart H.E. Mikayil Jabbarov. The session
was attended by several senior officials and government and private sector representatives from both sides.

During the meeting, the UAE and Azerbaijan agreed to develop their existing economic partnership in the sectors
of entrepreneurship, SMEs, new economy, tourism, aviation, industry, innovation, technology, agriculture, food
security, logistics, culture, energy, renewable energy and investment.

H.E. Bin Touq stated that the UAE and Azerbaijan share strong strategic relations and economic partnerships that
have evolved over more than three decades. These relations are characterized by the frequent exchange of high-

level visits between the two countries. The most recent of them was the visit of H.H. Sheikh Mohammed bin Zayed
Al Nahyan, the President of the UAE, to Azerbaijan last January, during which, MoUs were signed between the two
countries in areas of mutual interest.

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