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8/14/24, 2:49 PM UAE And Azerbaijan Agree To Develop Economic Partnership In The Sectors Of Entrepreneurship, Tourism, New Economy, Techno…

UAE And Azerbaijan Agree To Develop

Economic Partnership In The Sectors Of

Entrepreneurship, Tourism, New Economy,

Technology, Innovation And Agriculture

Date Share on Facebook Tweet on Twitter
8/1/2024 3:03:01 PM

(MENAFN- Dubai PR Network) 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.

H.E. said: 'The latest JIC session is a key milestone in strengthening the economic ties
between the UAE and Azerbaijan. The meeting discussed several vital economic sectors that
have the potential to drive the sustainable development of both economies. We are keen to

work closely with our Azerbaijani partners to open up new avenues for collaboration and

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