Azerbaijan, UAE plan to ink several agreements

Economy Materials 4 October 2016 19:39 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Seba Aghayeva – Trend:

Governments of Azerbaijan and the United Arab Emirates (UAE) plan to sign around five intergovernmental agreements for developing the cooperation.

The draft agreements on cooperation in veterinary, standardization, maritime transportation and financial sector will be submitted for consideration and subsequently for signing during the sixth meeting of Azerbaijan-UAE intergovernmental commission for trade and economic cooperation in Abu Dhabi Nov. 28-29, Azerbaijan’s ambassador to UAE Dashgin Shikarov told Trend Oct. 4.

During the meeting, Azerbaijani government delegation, led by the commission’s co-chair and the country’s Economy Minister Shahin Mustafayev, will discuss the prospects for developing the cooperation between the two countries in trade and economic sphere, added the ambassador.

The commission’s co-chair from the UAE is that country’s Economy Minister Sultan bin Saeed Al Mansouri.

Discussions on such issues as mutual investments, cooperation in transportation, information and communications, tourism and other spheres are also on the agenda of the meeting.

The meeting will also focus on cooperation in the sphere of maritime transportation.

Shikarov recalled that during the talks held as part of the visit of Sultan Ahmed Bin Sulayem, DP World Group chairman and CEO, to Baku in September, both parties expressed interest to start the work on the projects in maritime transportation.

The parties agreed to cooperate on a sea port in Azerbaijan’s Alat settlement and concrete projects are to be discussed during the next meeting of the intergovernmental commission.

The ambassador said agriculture is a priority in investments.

He noted that the growth in tourist flow from UAE to Azerbaijan in 2016 has also paved way for an increase in interest in Azerbaijan’s agriculture products.

The UAE shows considerable interest in purchasing agriculture products from Azerbaijan, said the ambassador, adding that meanwhile, UAE companies have shown interest in the possibility of making investments in Azerbaijan’s agrarian sector.

Trade turnover between Azerbaijan and the UAE stood at $50.6 million in January-July 2016, according to Azerbaijan’s State Customs Committee. The trade turnover between the two countries increased by more than 40 percent in the first seven months of 2016.


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