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8/14/24, 2:49 PM Oil & Gas News (OGN)- UAE and Azerbaijan agree to boost economic partnership

UAE and Azerbaijan agree to boost economic

partnership

ABU DHABI Thu, 01 Aug 2024

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Al Marri and Jabbarov

UAE and Azerbaijan have agreed to develop their existing economic tie-up in the sectors including entrepreneurship, SMEs,
tourism, aviation, industry, innovation, technology, agriculture, renewable energy and investment.

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

Both parties agreed to establish joint work teams consisting of members from relevant entities from both sides to explore further
opportunities for economic collaboration in priority sectors at both government and private sector levels. They will also provide
comprehensive support for exporters and importers to facilitate and enhance the exchange of goods and services, as well as to
diversify them.

Trade gateway
This is particularly significant given that the UAE serves as a vital trade gateway, facilitating the movement of Azerbaijani exports
to regional markets. The meeting also explored promising investment opportunities in the food and manufacturing industries and
sought to create new communication channels between the two business communities.

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