VILNIUS, Lithuania, May 22. Azerbaijan is ready to work with Lithuania as co-investor, Minister of Economy Mikayil Jabbarov said during the Azerbaijani-Lithuanian Business Forum in Vilnius, Trend reports.
"Many contractual and legal frameworks exist between Azerbaijan and Lithuania. Azerbaijan is aimed at diversifying its economy and exports. Over the past 4 years, we have doubled non-oil exports," the minister said.
He added that Azerbaijan is targeting for diversification of economy and exports, having doubled the volume of non-oil and gas exports, and increasing number of jobs in private non-oil and gas sector by 7 percent over the course of the last four years.
"Azerbaijan has a very attractive set of measures in introducing zero tax rates for import of equipment to customers. Tax rate cuts for 10 years for the company’s operating in industrial program. Priority here for us is industrial sector, as well as transport. Energy transition significantly impacts the economy of Azerbaijan in a positive manner, because in addition to traditional oil and gas exporters, we are also working on exporting renewable energy," Jabbarov added.