Baku, Azerbaijan, June 21
By Anvar Mammadov – Trend:
The issue of creating a joint Azerbaijan-Qatar investment fund will be solved until mid-July 2017, Azerbaijan’s Deputy Economy Minister Sahil Babayev told Trend June 21.
He noted that Azerbaijan has sent proposals on the issue and currently, it is being viewed by the Qatari side.
The creation of a joint investment fund between Azerbaijan and Qatar was proposed at a meeting with a delegation led by chairman and managing director of Qatar’s Barwa Bank, Sheikh Mohammad Bin Hamad Bin Jassim Al Thani, in Baku.
Azerbaijan and Qatar have established successful economic cooperation, joint business forums, business meetings are held.
In February 2017, as part of the export mission of Azerbaijani businessmen to Qatar, a number of agreements were reached, particularly, on the supply of street and garden furniture. The two countries’ trade turnover showed a serious growth in January-April 2017.
According to Azerbaijan’s State Customs Committee, export operations rose by 78.5 times and import – by 97.7 percent in four months of 2017, as compared to the same period of 2016.
Egypt, Saudi Arabia, Bahrain and the UAE announced about breaking their diplomatic relations with Qatar June 5, accusing Doha of supporting terrorist organizations and destabilizing the situation in the Middle East.
Later, a number of other countries also announced about severing diplomatic relations with Qatar.