...

Ambassador: Malaysia, Azerbaijan have potential to expand co-op in non-oil sectors

Economy Materials 9 September 2020 11:07 (UTC +04:00)
Ambassador: Malaysia, Azerbaijan have potential to expand co-op in non-oil sectors

BAKU, Azerbaijan, September 9

By Jeila Aliyeva - Trend:

Azerbaijan and Malaysia have enormous potential to explore and broaden the scope and dimension in the areas of non-oil sectors especially in tourism industry, alternative banking, information technology & multimedia, as well as education, Ambassador of Malaysia to Azerbaijan Dato’ Yubazlan Yusof told Trend.

Furthermore, he noted that the enhance of connectivity could strengthen trade and economic cooperation through physical, institutions and people-to-people linkages between two countries.

In terms of joint cooperation, the ambassador also added that direct flight between Malaysia and Azerbaijan would be an impetus to establish the transport corridor between regions and expand the bilateral cooperation in many potential areas.

“This would be beneficial for our growing economies as it will provide the linkages bilaterally, regionally and multilaterally as well as contributing to the development of the surrounding economic zones,” he said.

Another sector with potential for growth was tourism. The ambassador highlighted that tourism sector would encourage people-to-people connectivity through social and cultural exchange and also cultivate the growth of the bilateral trade and economy as it can integrate the growing regional community through the development of crucial infrastructures in regions.

Overall, talking about the countries’ cooperation it was noted that both Malaysia and Azerbaijan are interested in mutual economic cooperation and highly focused to strengthen the existing good relations.

"With the diversification of Azerbaijan’s economy, Malaysia is very interested to explore the dynamic and appealing economic landscape in this resource-rich nation," added the ambassador.

---
Follow the author on Twitter: @JeilaAliyeva

Tags:
Latest

Latest